US Dollar Gains in a Low Volume Markets

US Dollar Gains in a Low Volume Markets

2020-09-07 • Updated

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Ichimoku Kinko Hyo

CHF/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

 XAG/USD: Silver is trying to touch the first zone of 23.6 % as bears gain momentum.

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EU Market View

Asian equity markets began the week indecisively as the region reflected on Friday’s US jobs release and continued tech-related losses on Wall Street. Oil prices were pressured at the reopen after Saudi Arabia lowered oil prices to Asia and US customers for October shipments. Looking ahead, highlights from macroeconomic calendar include German industrial production, Eurozone Sentiment index, BoE's Haskel speech. Moreover, notice that US markets are closed for Labor Day.

EU Key Point

  • Chief EU Brexit negotiator Michel Barnier is still "worried" about negotiations, which are deemed to be "difficult’’
  • India Surpasses Brazil and has the world’s second-most virus cases; confirmed cases rise to 4.2Million.

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