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European markets traded slightly higher on Wednesday
2020-08-26 • Updated
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is about to exit the Kumo. If that happens, a new bullish sentiment is in force.
US Market View
European markets traded slightly higher on Wednesday, amid optimism about United States and Chine trade.
China is poised to purchase a record amount of U.S. soybeans in 2020, following a drop in the prices of this agricultural commodity this year during the pandemic.
Some strategists on Wall Street are concerned that the current market rally and environment has made stocks vulnerable to a decline.
US Key Point
- European markets traded slightly higher on Wednesday.
- China is poised to purchase a record amount of U.S. soybeans.
Michael Eliades
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