US Dollar Losses Further Strength on Positive Chinese Data

eurusd 30 min.png

usdjpy 30 min.png

Ichimoku Kinko Hyo

USD/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.

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Fibonacci Levels

XAG/USD: Silver has achieved a retracement and the outlook continues to seem bullish for today.

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EU Market View

Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover. Looking ahead, highlights from macroeconomic calendar include UK Labour Market report, German ZEW survey, US NY Fed and Industrial Production, weekly Private Inventory Crude Stocks and ECB's Panetta speech.

EU Key Point

Equity futures pivot higher heading into European session
US Dollar breaking down through 93.00 on positive Chinese data
US COVID cases increase by +36K to 6.57mln

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