EUR/USD faces further appreciation during 2021
Asian equity markets mostly lacked firm direction as bourses took their cue from the rangebound session in the US where tech losses were offset by cyclicals.
USD Regains Strenght
2020-08-10 • Updated
Fibonacci Levels
XAU/USD: Gold finds a support on 38.2%. retracement area. It seems that each pullback for gold continues to be a buying opportunity.
European Market View
Asian equity markets eventually traded mostly higher on what was an indecisive start to the week amid holiday-thinned conditions. Looking ahead, highlights from macroeconomic calendar include EZ Sentiment Index and Fed’s Evans speech who is a Fed non-voter. Rise in US-China tensions (WeChat specifically) sends US dollar higher.
European Key Point
- US says Chinese hackers targeting election infrastructure in the lead up to the presidential election.
- US imposes sanctions on Hong Kong chief executive Carrie Lam.
Maichael Eliades
Similar
Dollar keeps lower to start the new day
The dollar was down on Wednesday morning in Asia, despite caution over the new B.1.1.7 strain of the COVID-19 virus pushing investors turn toward safe-haven assets.
EUR/USD remains strong
US stocks are set to extend Monday’s losses when markets open later, as concern about the spread of lockdown measures to tackle the pandemic returns to haunt cyclical stocks.
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