We continue in down trend for USD for risks
Today, for USD pars, we see a bad news for an US economy and there are risks and even a sell off. Now, let's me see to review what I found out in investing.com
1. Dollar and Risk currencies down amid second wave fears.
2. There are a risk hard in Dollar while the cal of storm
3. The U.S. consumer confidence rises as covid-19, unemployment shadow lingers (That is included a bad news for the situation of all unemployment in US)
4. And next U.S jobs report set to be even more confusing than montly pass, in that case May 2020.
So, guys in summary this is a bad news for USD about the situation of rise of cases fo covid 19 in California with 3k a day, and also, New York and Florida seen a record numbers in the nation.
Now, in my technical analysis, I see that USD.JPY has a formation of bullish butterfly, but rememebr that we entry in sell and trend. And the moment, we see in the price action of that show a reversal and continue trend bearish.
That's all my technical analysis = fundamentals
Let's me see a thing that I don't say in my other currently technical analysis. EUR/USD has a force to continue up. So, in that case I have a news for EUR.
And it's to come down of there: EUR see a some benefit from Market safe haven demand. Amid news that a second wave of coronavirus infectios could begin, investors are more eager to look for safer investments to buy, but this movement is benefiting the EUR.
1. Dollar and Risk currencies down amid second wave fears.
2. There are a risk hard in Dollar while the cal of storm
3. The U.S. consumer confidence rises as covid-19, unemployment shadow lingers (That is included a bad news for the situation of all unemployment in US)
4. And next U.S jobs report set to be even more confusing than montly pass, in that case May 2020.
So, guys in summary this is a bad news for USD about the situation of rise of cases fo covid 19 in California with 3k a day, and also, New York and Florida seen a record numbers in the nation.
Now, in my technical analysis, I see that USD.JPY has a formation of bullish butterfly, but rememebr that we entry in sell and trend. And the moment, we see in the price action of that show a reversal and continue trend bearish.
That's all my technical analysis = fundamentals
Let's me see a thing that I don't say in my other currently technical analysis. EUR/USD has a force to continue up. So, in that case I have a news for EUR.
And it's to come down of there: EUR see a some benefit from Market safe haven demand. Amid news that a second wave of coronavirus infectios could begin, investors are more eager to look for safer investments to buy, but this movement is benefiting the EUR.