US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Potential new fiscal policy package in the US
2020-08-24 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is about to exit the Kumo, confirming a new bullish outlook.
European Market View
The market focus today will be on politics, with the attempt in the United States to get a new fiscal policy package and the relations with China.
Later this week Fed Chair Powell will deliver a keynote speech at Jackson Hole focusing on the Fed’s long-awaited monetary policy framework.
Also, for the United States and the euro-area consumer confidence figures are about to be released this week.
European Key Point
- Potential new fiscal policy package in the U.S.
- Fed Chair Powell will deliver a keynote speech this Thursday.
- United States and euro-area consumer confidence figures this week.
Similar
US30 Trading Strategy and Key Levels: Where Are the Supply and Demand Zones?
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
