Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
Risk off Gains Momentum after Presidential Debate
2020-09-30 • 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.
XAG/USD: Silver stands slightly below the 23.6% retracement area. Seems that some correction is taking place.
EU Market View
Asian shares crept higher on Wednesday after data showed China's economic recovery gathering steam, but a chaotic first US presidential debate between President Donald Trump and Democrat Joe Biden weighed on the mood.
US equity futures slipped and the dollar, regarded as a safe-haven currency, drew support in the wake of the debate as it offered few insights into the outcome of the US election.
EU Key Point
- China Caixin/Markit manufacturing PMI comes at 53.0 (expected 53.1)
The gold price is below $1,800 - does that mean it's coming to undo the seven-month-long downtrend?
What's happening to the British pound? Let's look at the two primary GBP pairs: EUR/GBP and GBP/USD and see where everything may be going.
The gold price is now at the crossroad. Will it revert and fall back into the downtrend or aim at the all-time highs?
Oil is edging higher due to the overall risk-on sentiment and a weaker US dollar. Jump in to get the tech tips!
We love triangles because they're easy to spot and predict possible price moves. Do we have any in the stock market?