USD Regains Strenght

USD Regains Strenght

2020-08-10 • Updated

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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.

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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.

Similar

Dollar keeps lower to start the new day
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.

Latest news

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Gold: trade the sideways move

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