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Market Update: FOREX CFD Stock Indexes

jeffriess
กันยายน 21, 2020
by Joseph Jeffriess, Market Analyst

Hi traders,

Today we look at action leading into today’s European session. The USD is seeing a push higher after mainly being lower to the risk majors. Focus is on the GBPUSD as sellers are threatening to push a continuation lower. The USDCAD is another market showing signs of buyer strength but still remains in a consolidation pattern at the moment. Can buyers push a new move higher to test the roof?

Stock indexes have started the week with further selling. We run over levels of support and demand that have been holding for buyers. If we see a break of these levels could this be a sign or a more developed downtrend setting up?

News to come;

12:00 am AEST USD Fed Chair Powell Speaks

Today’s Market Analysis Video

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