Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Travel and airline sectors are expected to rise in today’s session
2020-08-24 • Updated
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is trading within the Kumo. Any decisive movement to the south will push the market to exit the Kumo, confirming a bearish scenario.
US Market View
Stock futures rose in the beginning of the week, setting stocks up to add to last week’s record levels as markets reacted to positive developments over the COVID19 treatment. Various sector stocks, such as travel and airline are about to rise.
Gold prices topped up on Monday as the dollar dipped, making bullion cheaper for holders of other currencies. Spot gold had an increase 0.5% at $1949.6 per ounce.
Crude oil prices moved higher today as storms bore down on the Gulf of Mexico, shutting more than half the region’s production of oil. Brent crude oil futures added 33 cents or 0.7% and West Texas Intermediate crude was up 29 cents or 0.68%.
US Key Point
- Stock futures rose in the beginning of the week.
- Gold prices topped up on Monday as the dollar dipped.
- Crude oil prices moved higher today.
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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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...