USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
Euro's Strength Continues
2020-10-08 • Updated
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Fibonacci Levels
XAG/USD: Silver stands above the 61.8% retracement area and it seems that after some correction it may move higher.
EU Market View
Asian equity markets traded mostly positive as the region took its cue from the rebound in the US.
The US Vice Presidential debate saw Harris and Pence exchange blows to discredit the records of both Presidential candidates. FOMC minutes provided little in the way of fresh information with no greater clarity on how far the Fed would permit inflation to overshoot its target.
Looking ahead, highlights from the macroeconomic calendar include German trade balance, ECB minutes, US weekly jobs data, ECB's Schnabel, de Guindos, Mersch, Fed's Barkin, BoC's Macklem speeches.
EU Key Point
- Nikkei 225 climbs 0.96% to close at its highest level since February
- Japan's Nishimura supports that current economic sentiment is becoming very good
Similar
USD is Higher Ahead of FOMC Meeting Minutes
The US Dollar Index bounced back at the first trading day of the week after a long weekend.
GBP/USD Near Supply Zone
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
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