Risk off Gains Momentum after Presidential Debate

Risk off Gains Momentum after Presidential Debate

2020-09-30 • 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

 XAG/USD: Silver stands slightly below the 23.6% retracement area. Seems that some correction is taking place.

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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)

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