US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
France is getting another dose of stimulus, with 100 billion euros
2020-09-03 • Updated
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is testing the Kijun Sen level. An upward wave would lead the pair towards the Tenkan Sen and even higher. The bullish scenario is still in force.
European Market View
The U.S. Centers for Disease Control and Prevention has told states to prepare for a Covid-19 vaccine to be ready by Nov. 1, a date that suggests the federal government anticipates a vaccine will become available just days before President Donald Trump stands for reelection.
France is getting another dose of stimulus, with 100 billion euros of shock and awe to get the economy moving again after the pandemic-induced lockdowns of the spring. The plan being announced today is focused on boosting supply and encouraging investment, and it includes a 10-billion-euro tax cut for industry next year. President Emmanuel Macron says the strategy is one of the biggest in Europe relative to the size of the economy, which shrank almost 14% in the second quarter.
U.S. equities set a fresh all-time high, amid signs that the global rally is broadening into other sectors. Several of this year's big tech winners, including Apple Inc., Zoom Video Communications Inc. and Tesla Inc. fell, with the last hit by news that Scotland-based fund manager Baillie Gifford had cut its holding in the electric-car maker.
In FX the dollar added to gains as the euro slid further below $1.19.
Chicago Fed President Charles Evans discusses the U.S. economy and monetary policy, while Bank of England Governor Andrew Bailey speaks on the future of cryptocurrencies at a different event.
USD/RUB rose as Germany lashed out against Russia. The rise could reflect an increased risk of tightening of Western sanctions on Russia. The German government said that tests showed that the Russian opposition candidate Navlny was poisoned with nerve agent novichok and that the government would seek "joint reaction" to the attack. The statement is significant since Germany traditionally has been the mediator between the West and Russia.
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USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
