Bullish Euphoria for US Equities – FBS

Forex Market Analysis

Ichimoku Kinko Hyo

CHF/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.

Fibonacci Levels

XAU/USD: Gold is trading on the key point of 38.2% retracement. It seems that a correction is still taking place.

US Market View

US stocks are set to open marginally lower Thursday, consolidating after strong gains the previous session, with investors cautious ahead of key unemployment data and with US policymakers still at loggerheads over the size and scope of the next fiscal stimulus bill.

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