US Dollar Strengthens
Surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections.
Japanese Yen Skyrockets
2020-09-21 • Updated
Ichimoku Kinko Hyo
EUR/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.
Fibonacci Levels
XAU/USD: Gold has made a full correction. The risk averse does not help gold today.
US Market View
Stocks are set to tumble on a cocktail of bad news: the virus is surging again in Europe, while the death of Supreme Court Justice Ruth Bader Ginsburg threatens to distract lawmakers from the business of passing a fiscal stimulus package.
US stock markets are set to open sharply lower on Monday, weighed down by a cocktail of news, not least by suspicions that the death of Supreme Court justice Ruth Bader Ginsburg at the weekend will distract lawmakers from the urgent task of approving a new package of economic support measures
US Key Point
- The JPY is the strongest and the NZD is the weakest
- Fed's Kaplan supports that once US gets to the point of lower unemployment; not sure rates stay at zero
- UK chief medical adviser Whitty supports that it is difficult to balance between the virus and the economy
Michael Eliades
Similar
Risk Off Returns Strong
Gold moves to the 23.6% retracement level. It seems that gold loses strength under the current risk-off mood.
EUR/USD enters a consolidation period
GBP/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.
Latest news
Election may push gold up
Gold is trading sideways around the $1 900 level, but Biden’s victory will drive it upwards.
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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