USD/CAD: sell in the downtrend
USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
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
Michael Eliades
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How about CHF/JPY?
CHF/JPY retraced 61.8% of its August-September decline, corrected down, formed a higher low above the 100-day MA and now seems eager to rise to the 78.6% Fibonacci level at 116.90.
Earning season to kick off into a higher gear this week
U.S. stock markets opened higher on Monday, buoyed by hopes for a last-minute agreement on a comprehensive fiscal stimulus package before the elections on November 3.
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USD/JPY trades to a new session low
U.S. stock markets are set to open with a modest bounce after their worst day in over a month on Monday.
Dollar keeps slightly softer as risk on returns
Asian equity markets resumed the weak performance seen across global peers which culminated in Wall St’s worst day in over a month
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