The UK Economic Recovery looks to have Peaked

The UK Economic Recovery looks to have Peaked

2020-10-09 • Updated

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Ichimoku Kinko Hyo

NZD/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 stands above 61.8% retracement area and seems that after some correction moves higher.

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EU Market View

Asian equity markets traded mixed but with a mildly positive bias as US equity futures extended on the prior day’s gains. Looking ahead, highlights from macroeconomic calendar include UK GDP, Canadian labor market report, BoE's Haldane. President Trump noted optimism that stimulus talks are beginning to work and was said to be open to something larger than a skinny bill.

EU Key Point

  • UK August monthly GDP comes at +2.1% vs +4.6% m/m than expected

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