Besides US Retail Sales data, Australian Unemployment Rate and New Zealand GDP this week will bring us Quadruple Witching – one of the four most important days of a year for futures and options!
The USD is the strongest and the CHF is the weakest
2020-09-30 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
XAU/USD: Gold during the last hours is trying to move higher and continues to stand above 23.6% retracement area.
US Market View
World stocks fell and safer assets such as the yen and dollar found buyers on Wednesday after a chaotic first U.S. presidential debate and rising COVID-19 cases turned investors cautious, though strong factory surveys boosted China's markets.
President Donald Trump and Democratic rival Joe Biden battled over Trump's record on the coronavirus pandemic, healthcare, and the economy in a bad-tempered first debate marked by personal insults and Trump's repeated interruptions.
US stock futures had nudged higher early during the debate but then retreated as Trump cast doubt on whether he would accept the election's outcome if he lost. Asian trading had been choppy rather than outright weak but Europe main markets
US Key Point
- ECB's Villeroy talked about symmetrical inflation target
- US final GDP for 2Q -31.4%% vs -31.7% estimate
Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…
During this week gold has been consolidating in the $1807-$1820 range waiting for the US jobs data announcement…
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
What happened? Nearly one year later, Beijing started to concern about Alipay, which combines a digital payments platform with other traditional financial products such as loans, wealth management, and insurance…
The South African rand has dropped against the US dollar. What are the reasons?