Risk Averse Lead Markets

Risk Averse Lead Markets

2020-09-09 • Updated

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 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.

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Fibonacci Levels

 XAU/USD: Gold has failed to stand above 23.6% retracement area. Seems that sellers increase downside pressure.

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EU Market View

Asian equity markets were lower across the board amid strong headwinds from Wall Street where the tech rout intensified on return from the long weekend. US equity futures pare Asia session losses with Emini S&P now flat and Emini Nasdaq 100 up 0.7%, although still have far to go to recoup Tuesday's tech sell-off; Asia-Pac bourses remain heavily pressured. Looking ahead, highlights from macroeconomic calendar include US JOLTS and BoC Interest Rate Decision.

EU Key Point

  • Japan's Suga supports that it is important to protect jobs, help businesses continue operating
  • ECB heaps further pressure on big banks over Brexit plans

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