Calm Markets before 2020 United States Presidential Debate

Calm Markets before 2020 United States Presidential Debate

2020-09-28 • Updated

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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

 XAU/USD: Gold moves day by day lower. Gold struggles now to touch even the 23.6% retracement area which seems to be a hope for bulls.

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EU Market View

Asian stocks began the week mostly higher as the region picked up the baton from last Friday’s tech-driven momentum on Wall Street. US House Speaker Pelosi thinks a coronavirus stimulus deal is still possible and suggested that Democrats will make a new ‘proffer’ to US Treasury Secretary Mnuchin. Looking ahead, highlights from the macroeconomic calendar include ECB's Schnabel, Lagarde, Fed's Mester speeches.

EU Key Point

  • Spain reportedly to revise lower its 2020 GDP forecast to -11%
  • Nikkei 225 closes higher by 1.32% at 23,511.62

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