US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
US Stocks Open Mixed
2020-10-13 • 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.
XAG/USD: Silver stands below 23.6% retracement area and seems that sellers gain momentum.
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
President-elect Biden will present details of his plans to support the economy through the pandemic, while Federal Reserve chairman Jerome Powell may offer some reaction in a speech later.
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