US Dollar Losses Further Strength on Positive Chinese Data

US Dollar Losses Further Strength on Positive Chinese Data

2020-09-15 • Updated

eurusd 30 min.png

EURUSDM30.png

usdjpy 30 min.png

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Ichimoku Kinko Hyo

USD/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.

USDJPYM30 ich.png

Fibonacci Levels

 XAG/USD: Silver has achieved a retracement and the outlook continues to seem bullish for today.

XAGUSDM30 fib.png

EU Market View

Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover. Looking ahead, highlights from macroeconomic calendar include UK Labour Market report, German ZEW survey, US NY Fed and Industrial Production, weekly Private Inventory Crude Stocks and ECB's Panetta speech.

EU Key Point

  • Equity futures pivot higher heading into European session
  • US Dollar breaking down through 93.00 on positive Chinese data
  • US COVID cases increase by +36K to 6.57mln

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