Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
Gold & Silver Continue to Fly
2020-08-06 • Updated
Ichimoku Kinko Hyo
USD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
XAU/USD: Gold is making only new highs. It seems that gold prices remain in a bullish momentum.
US Market View
US stocks are set to weaken at the open today, consolidating after gains in the previous session, with investors wary amid few signs of progress over the next virus relief bill and ahead of the latest employment data. The focus remains on the shape and size of the next U.S. fiscal recovery package while stocks are really struggling to find direction until we know the exact outcome of those negotiations.
US Key Point
- Stocks nudge lower ahead of North American trading.
- Gold is trading at all-time highs.
- German health minister warns general lockdown could be imposed again if virus numbers rise.
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