British Pound Gains Momentum
European shares slipped on Tuesday as investors awaited the first U.S. presidential debate and eyed progress of a fiscal stimulus package in Washington
NFP Number Will Drive Markets
2020-08-07 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bearish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAG/USD: Silver is trading a bit below 23.6% retracement area. Silver remains very bullish.
US Market View
US stocks are set to open lower Friday, with investors worry over rising tensions between the US and China, deadlock over the next virus relief bill and possible disappointments from the key monthly employment report.
US Key Point
- Dollar firms ahead of NFP report.
- Germany proposes to bring forward stimulus spending of €26 billion to boost economy.
Maichael Eliades
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British Pound Skyrockets Despite Fears
GBP/USD is trading above the key pivot point level. Further bullish momentum will trigger the market to 1.2940.
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USD/JPY keeps rallying
USD/JPY has been rising for almost a week except for Monday, but the strong resistance of the 50-day moving average at 105.80 may stop it from moving higher.
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All eyes focusing on today’s Trump - Biden debate
EUR/USD has violated the first resistance trendline area 1.1680
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