The NZD is the Strongest while the EUR is the Weakest

The NZD is the Strongest while the EUR is the Weakest

2020-09-25 • Updated

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Ichimoku Kinko Hyo

AUD/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

 XAU/USD: Gold has made a full correction but still struggles to stand between 23.6%  and 38.2% retracement area.

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US Market View

U.S. stocks are set to open lower Friday, continuing the recent selloff with investors' confidence hit by a combination of pandemic, economic and political worries. The prospect of further U.S. stimulus remains a key focus, after a plethora of Federal Reserve speakers, including Chairman Jerome Powell, highlighted the need for more aid to keep the recovery going.

US Key Point

  • US August prelim durable goods orders come at +0.4% vs +1.4% expected
  • Risk aversion grips the market ahead of North American trading

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