ECB Says ECB Work on a Digital EURO

ECB Says ECB Work on a Digital EURO

2020-10-02 • Updated

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Ichimoku Kinko Hyo

CAD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

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Fibonacci Levels

XAG/USD: Silver stands slightly below the 23.6% retracement area. Seems that some correction is taking place.

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EU Market View

The House plan will ultimately be rejected by the Senate with Majority Leader McConnell stating that he supports additional stimulus, but it must be a narrow package. The US House voted in favor of the USD 2.2trl Democrat stimulus plan after House Speaker Pelosi announced the failure to agree a deal with the White House. EU leaders reached an agreement regarding Belarus in which they will impose sanctions on the nation for violence and its election process. Looking ahead, highlights from macroeconomic calendar include EZ CPI, US NFP, Factory Orders, Uni. of Michigan (F), Fed's Harker, European Council Special Meeting.

EU Key Point

Asian equity markets trade lower and the E-mini S&P is showing losses in excess of 1% after US President Trump tested positive for COVID-19

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