SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
Technical outlook for CHF/JPY, AUD/JPY, CAD/JPY
2020-08-10 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bullish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Fibonacci Levels
XAG/USD: Silver is finding a resistance at 23.6% retracement area. Bulls remain strong.
US Market View
China arrested Jimmy Lai, one of Hong Kong’s richest and best-known publishers, on suspicion of collusion with foreign agents. Beijing also said it will sanction 11 US politicians, including Senators Ted Cruz and Marco Rubio, in response to US sanctions announced on the same number of Chinese officials last week. US President Trump issued four executive orders to partially extend the payment of enhanced unemployment benefits, to bridge a gap left by the failure of Congressional Republicans and Democrats to agree on a new package of economic relief measures.
US Key Point
- The USD is the strongest and the CHF is the weakest.
- Core 10-year bond yields remain supported after NFP bounce.
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USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
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