US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article! Let’s check the charts and set some goals! NASDAQ (US100) US100 index plunges as the US dollar strengthens…
USD is the Strongest and the AUD is the Weakest Today
2020-10-15 • Updated
Ichimoku Kinko Hyo
CAD/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.
XAU/USD: Gold struggles to move above 23.6% level. The current risk off mood does not help gold to move higher.
US Market View
The number of Americans applying for initial unemployment benefits unexpectedly increased to 898,000 last week, its highest since late August, compounding fears that the recovery in the labor market is stalling. China saw annual factory gate prices fall at a faster-than-predicted pace, while consumer prices rose at their slowest pace in 19 months, highlighting the challenges facing the nation in its economic recovery from COVID-19.
US Key Point
- ADP Canada Sept employment comes at -240.8K vs -205K prior
- Mnuchin supports that Trump determined to get a stimulus deal
- Initial jobless claims come at 898K vs. 825K than estimate
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Besides US Retail Sales data, Australian Unemployment Rate and New Zealand GDP this week will bring us Quadruple Witching – one of the four most important days of a year for futures and options!
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
We’ve added 30 German stocks from Frankfurt Stock Exchange. Which are the best ones?
What will happen? Lufthansa will initiate an additional share issue to increase its capital by €2…