USD is the Strongest and the AUD is the Weakest Today

2020-10-16 03:01    FBS

USD is the Strongest and the AUD is the Weakest Today Institution Opinions 1

USD is the Strongest and the AUD is the Weakest Today Institution Opinions 2

USD is the Strongest and the AUD is the Weakest Today Institution Opinions 3

USD is the Strongest and the AUD is the Weakest Today Institution Opinions 4

Ichimoku Kinko Hyo

CAD/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.

USD is the Strongest and the AUD is the Weakest Today Institution Opinions 5

Fibonacci Levels

XAU/USD: Gold struggles to move above 23.6% level. The current risk off mood does not help gold to move higher.

USD is the Strongest and the AUD is the Weakest Today Institution Opinions 6

US Market View

The number of Americans applying for initial unemployment benefits unexpectedly increased to 898,000 last week, its highest since late August, compounding fears that the recovery in the labor market is stalling. China saw annual factory gate prices fall at a faster-than-predicted pace, while consumer prices rose at their slowest pace in 19 months, highlighting the challenges facing the nation in its economic recovery from COVID-19.

US Key Point

  • ADP Canada Sept employment comes at -240.8K vs -205K prior
  • Mnuchin supports that Trump determined to get a stimulus deal
  • Initial jobless claims come at 898K vs. 825K than estimate

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AUD

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