EUR/USD higher but stalling ahead of the October highs

EUR/USD higher but stalling ahead of the October highs

2020-10-20 • Updated

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Ichimoku Kinko Hyo

AUD/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 gains and moves above 50% level. It seems that bulls will gain.

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US Market View

 Wall Street's main indexes opened higher on Tuesday as investors were hopeful of more stimulus from Washington, with Senate Republicans preparing to vote on a bill to help small businesses hammered by the COVID-19 pandemic.

US Key Point

  • Philadelphia Fed nonmanufacturing activity diffusion index for October 25.3 from 20.4
  • US housing starts for September comes at 1.415M vs 1.457M than estimate

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Worst Awaits Risk Assets in September

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.

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