Trade ideas for March 28 - April 1
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!
US Job Claims Keep Markets Skeptical
2020-09-24 • Updated
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.
Fibonacci Levels
XAU/USD: Gold has made a full correction but still struggles to touch the 23.6% correction.
US Market View
The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace. Economists had forecast a decline to 840,000. The prior week's figure was revised up to 866,000 from an initially reported 860,000.
US Key Point
- GBPUSD bases against 100/200-day MA today
- The EURUSD trading lower for the 5th day in a row
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