European markets traded slightly higher on Wednesday

European markets traded slightly higher on Wednesday

2020-08-26 • Updated

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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.

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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.

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