Broad market sentiment 28/10/2020. Try it now!
EURUSD - Yesterday's sentiment and concerns about blockades in the EU confirmed, Today the market expects details from Merkel and Macron about blockades that may make the upcoming problem of economic indicators in the EUR zone a reality. At the moment, the market under 1.18 classifies the supply advantage and currently it is the main resistance with powerful expiring options. The support that is being talked about today is 1.17. Sentiment still unchanged
GBPUSD - Great share of pound traffic on USD and stock exchange flows. Additionally, the head of the EU Council, Michel, comments on a difficult moment in the negotiations. Until this is developed and something positive shows up, the pound may be under pressure from the flows. The key level for the market separating demand from supply to 1.30.
USDCAD - The decision of the Bank of Canada today, but the market does not expect major changes. USDCAD maintains an underlying flow backed sentiment and we will see comments from BOC boss Mackle this afternoon
USDJPY - slowly approaching the level of 104. Despite the appreciation of USD against EUR and GBP, it is not realized at the JPY. This is due to risk factors. Although with more stable factors, the foundations for EUR or LONG will not change, JPY may incur a correction, but it must be remembered that the sentiment is still neutral and the flows have a huge impact on a few
AUDUSD - sentiment has not changed, although today there was a flood of news from RBA at the same time with good CPI data. however, the AUD as a risk instrument will still depend on the flows and only a change in rhetoric against the USD may mean a return to the main sentiment
NZDUSD - sentiment unchanged - beneficiary of weak USD
OIL - The strong dependence on flows does not even allow crude oil to react to reports of alleged consent of Arabia and Russia to the maintenance of cuts. More than a month remains to be decided, and flows take the initiative unchanged. Concerns about global demand and inventory growth.
GOLD - sentiment unchanged - risk instrument - flow dependent
Indices - No change in sentiment. There is no fiscal agreement, there is no room for correction on VIX and the market. So in the event of a rebound, the market still sees a huge risk of going downhill and selling at rallies.