Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
The yield on 10-year Treasuries fell two basis points to 0.74%
2020-08-28 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is trading above the Kumo. A successful attempt to eliminate the Kijun Sen will confirm the bullish sentiment.
US Market View
Japanese Prime Minister Shinzo Abe said he would resign to undergo treatment for a chronic illness, ending his run as the country’s longest serving premier in an announcement that surprised some members of his party. Yen appreciated about 1.3% against the dollar on the news.
The dollar slumped and U.S. equity-index futures gained as the Federal Reserve’s new inflation approach rippled through global markets.
The yield on 10-year Treasuries fell two basis points to 0.74%.
Merkel Warns of Long Road Ahead in Worsening Virus Crisis.
US Key Point
- Japanese Prime Minister Shinzo Abe said he would resign to undergo treatment for a chronic illness.
- The dollar slumped and U.S. equity-index futures gained.
- The yield on 10-year Treasuries fell two basis points to 0.74%.
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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...