Traders Focusing on NFP

Traders Focusing on NFP

2020-08-07 • 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 makes another full retracement. It seems that each pullback for gold is a buying opportunity.

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European Market View

Asian equity markets failed to sustain the positive tone from Wall Street where all major indices notched gains as technology sector outperformed for another day. Looking ahead, highlights from macroeconomic calendar include German Trade Balance, US and Canadian Labour Market Reports and Fed's Rosengren speech.

European Key Point

  • Germany June industrial production comes at +8.9% vs +8.2% m/m than expected.
  • Trump signs executive order to address threat of WeChat.
  • Germany reports 1,147 new coronavirus cases in latest update today.

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Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!

Latest news

UK: No Longer a Leading Economy
UK: No Longer a Leading Economy

The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?

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