The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
EUR/USD enters a consolidation period
2020-10-23 • Updated
Ichimoku Kinko Hyo
GBP/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.
XAG/USD: Silver moves at 38.2% retracement level. It seems that silver has entered a consolidation period.
US Market View
Dow notched gains Thursday, led by value stocks like energy and financials, on hopes the economy is set to get a fiscal boost after House Speaker Nancy Pelosi suggested an agreement on stimulus was nearing the finish line. The Labor Department said 787,000 people filed for unemployment insurance, down 55,000 from the prior week's downwardly revised 842,000, and well above economists' forecast for 870,000. Some economists, however, questioned whether the trend will continue in the wake of rising Covid-19 cases.
US Key Point
- Kudlow supports that there are still policy differences on stimulus
- French government told fishing industry it would get smaller catch from UK waters
- Netherlands hits 10,000 daily virus cases for the first time
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy