US Stocks Open Mixed

US Stocks Open Mixed

2020-10-13 • Updated

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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.

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Fibonacci Levels

XAG/USD: Silver stands below 23.6% retracement area and seems that sellers gain momentum.

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US Market View

US stocks are seen opening mixed Tuesday, with the tech sector outperforming ahead of important news from Apple and Amazon, while investors also wait for earnings from the key banking sector. Tech giants Apple and Amazon led stocks higher on Monday and they will be front and center again Tuesday, as the market awaits their most important events of the year: the unveiling of the next line of iPhones and the annual Prime Day marketing event.

US Key Point

  • EU must increase pace and creativity to get a Brexit deal
  • EU's Barnier says not enough progress made yet to enter the tunnel
  • Pelosi says Trump's latest offer on stimulus falls significantly short
  • EUR/USD consolidates above and below the 100-hour MA

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