Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
ECB Monetary Policy Time
2020-09-10 • Updated
Ichimoku Kinko Hyo
EUR/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 stands above 38.2% retracement area. A dovish ECB later today can help gold bulls.
EU Market View
Asia-Pacific bourses were mostly positive after taking advantage of the constructive handover from the US where Nasdaq rebounded . Saudi Arabia reportedly plans to keep oil production steady despite a recent slump in prices. Looking ahead, highlights from macroeconomic calendar include Norwegian and Swedish CPI, ECB policy announcement, US weekly jobs, US PPI, ECB's Lagarde press conference.
EU Key Point
- Irish PM Martin supports that UK needs to restore trust and give meaningful reassurance to EU negotiators
- Tokyo lowers virus alert in the city by one level
Similar
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
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 ...
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...