Global equities on Wall Street experienced a mixed session following the Thanksgiving holiday, heading for the most significant one-month rally since November 2020. MSCI's global shares index slightly eased but was still on track for an 8.5% monthly gain, fueled by growing investor confidence that U.S. interest rates...
USD/JPY Tries to Stay Below the 100-hour MA
2020-09-22 • Updated
Ichimoku Kinko Hyo
GBP/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.
XAG/USD: Silver has made a full correction but still struggles to touch the 23.6% correction.
US Market View
Another lockdown scares in the U.K. and more dovish remarks expected from the Federal Reserve have not done as much for gold as they have done for the dollar.
The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.
US Key Point
- Biden trade adviser says he would use tariffs if elected
- Philly Fed September non-manufacturing index comes at +8.0 vs +1.6 prior
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When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
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