Earning season to kick off into a higher gear this week

Earning season to kick off into a higher gear this week

2020-10-20 • Updated

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Ichimoku Kinko Hyo

CAD/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.

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Fibonacci Levels

 XAU/USD: Gold gains and moves above 50% level. Sooner or later it seems that bulls will return.

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US Market View

U.S. stock markets opened higher on Monday, buoyed by hopes for a last-minute agreement on a comprehensive fiscal stimulus package before the elections on November 3. European stocks rallied on Monday as rising hopes of a coronavirus vaccine by the end of the year and a U.S. fiscal package before elections offset concern over record daily infections in the region. A vaccine will be broadly available from the second quarter of next year, with markets moving to price in the economic benefits well ahead of that," 

US Key Point

  • Major US stock indices open higher
  • Canada August wholesale trade sales comes at +0.3% vs +0.1% than expected

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