Sino-US tensions Keep Rising

Sino-US tensions Keep Rising

2020-08-11 • Updated

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Ichimoku Kinko Hyo

CHF/JPY: The pair is trading in a bullish sentiment below 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 makes a full bearish retracement after a remarkable bullish rally during the last month.

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European Market View

 Asian stock markets rose this morning on relief that another round of Sino-US sparring appears not to have spilled over into trade, while hopes for US stimulus support oil and other commodity currencies.

European Key Point

  • Germany reports 966 new coronavirus cases in latest update today.
  • White House says deeply troubled by the arrest of Jimmy Lai in Hong Kong.
  • Japanese markets are back from a long weekend (Monday holiday), Nikkei stock index is up 1%.

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