Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
NZD Strongest and EUR Weakest Against the USD
2020-09-16 • Updated
Ichimoku Kinko Hyo
CAD/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 started a downside correction and stands on 23.6% retracement area.
EU Market View
Asian equity markets traded mixed and only partially benefitted from the technology gains in the US. Looking ahead, highlights from macroeconomic calendar include UK Inflation, US Retail Sales, Canadian CPI, New Zealand GDP, FOMC Policy Decision, OECD Economic Update, EC President von der Leyen and Fed Chair Powell.
EU Key Point
- US blacklists another Chinese firm over military work
- US Texas has the biggest daily jump in COVID infections in nearly 3 weeks
- Bank of America fund manager survey indicates that "Long US tech" is the most crowded trade ever
- S. to remove tariffs on Canadian aluminum
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