Risk Off Returns Strong

Ichimoku Kinko Hyo

GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

Fibonacci Levels

XAU/USD: Gold moves to the 23.6% retracement level. It seems that gold loses strength under the current risk-off mood.

EU Market View

EU Chief Brexit negotiator Barnier and his UK counterpart Frost have extended discussions in London until Wednesday. Looking ahead, highlights from the macroeconomic calendar include German IFO, US New Home Sales, New Zealand Trade Balance, Chinese Communist Party Key Meeting (26th – 29th), SNB’s Jordan speech.

EU Key Point

China says to sanction Boeing Defense, Lockheed Martin over Taiwan arms sale
French government scientific advisor supports that there are 100 000 new coronavirus cases a day in France

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usd

eur

gbp

jpy - japanese yen

gold

technical analysis

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