NZD Strongest and EUR Weakest Against the USD

NZD Strongest and EUR Weakest Against the USD

2020-09-16 • Updated

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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.

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Fibonacci Levels

XAU/USD: Gold has started a downside correction and stands on 23.6% retracement area.

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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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