Earning season to kick off into a higher gear this week
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Fibonacci Levels
XAU/USD: Gold gains and moves above 50% level. Sooner or later it seems that bulls will return.
US Market View
U.S. stock markets opened higher on Monday, buoyed by hopes for a last-minute agreement on a comprehensive fiscal stimulus package before the elections on November 3. European stocks rallied on Monday as rising hopes of a coronavirus vaccine by the end of the year and a U.S. fiscal package before elections offset concern over record daily infections in the region. A vaccine will be broadly available from the second quarter of next year, with markets moving to price in the economic benefits well ahead of that,"
US Key Point
- Major US stock indices open higher
- Canada August wholesale trade sales comes at +0.3% vs +0.1% than expected