EUR/USD Remains Quiet Before ECB

EUR/USD Remains Quiet Before ECB

2020-09-08 • Updated

EURUSDM30.png

eurbp 30min.png

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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.

GBPJPYM30 ich.png

Fibonacci Levels

XAG/USD: Silver stands above the 23.6% retracement area. Seems that a consolidation period is ahead.

XAGUSDM30.png

EU Market View

Asian equity markets traded mostly positive, following the upbeat performance in EU counterparts. Looking ahead, highlights from macroeconomic calendar include German Trade Balance and Eurozone GDP.

EU Key Point

  • French statistics agency says economic activity seen at 95% of pre-virus levels in Q3
  • Hong Kong announcing further easing to virus restrictions
  • New Japanese Prime Minister Suga is supporting that Abenomics will continue

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