The riskier New Zealand dollar skyrocketed and pushed the NZD/USD pair up to the resistance level of 0.7150. How to trade it now?
European stocks traded slightly lower on Friday afternoon
2020-08-21 • Updated
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is trading within the cloud. A failed attempt to move higher will push the market to exit the Kumo, confirming a bearish scenario.
US Market View
Stocks futures ticked lower this Friday morning, following a tech-led trading in the previous session. Nasdaq closed out the regular session at yet another record high.
European stocks traded slightly lower on Friday afternoon as investors focused on disappointing economic data and the geopolitical tensions.
In the United States the new cases amounted at 44.000 on Thursday making more than 10% drop in the seven-day average of daily new cases compared with the previous week.
US Key Point
- Stocks futures ticked lower this Friday morning.
- European stocks traded slightly lower on Friday afternoon.
- In the U.S. 44.000 new cases amounted on Thursday
The rally of the US dollar has stopped for a while. That allowed risk-on assets (GBP, NZS, AUD, stocks) and also gold to recover some losses.
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