The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
European stocks moved higher in the beginning of the session on Tuesday
2020-08-26 • Updated
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is about to surpass the Tenkan Sen level. If that happens, the bullish sentiment most likely will be in force.
US Market View
European stocks moved higher in the beginning of the session on Tuesday, following the trend of the markets in the United States and Asia Pacific.
The United States dollar dropped, and the Australian dollar and Chinese yuan rose after the U.S. and China both hailed a phone call between their senior trade officials as a success.
US Key Point
- European stocks moved higher in the beginning of the session.
- The United States dollar dropped.
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