AUD/JPY: Risk off remains and gains momentum
U.S. stocks are set to open lower later, on a combination of the pandemic news and the downbeat news from Tech’s Old Guard late on Thursday.
A USD bullish trend for the months ahead seems very likely
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a new bearish outlook.
Fibonacci Levels
XAG/USD: Silver achieves a full-time retracement. It is a very high probability scenario Silver to move even higher.
US Market View
US stock futures jumped on Thursday as investors bet that a Republican held Senate would block any moves by a Joe Biden administration to tighten regulation and raise taxes on corporate America, even as the presidential election remained too close to call. Biden had edged closer to victory in the race for the White House on Thursday after winning Michigan and Wisconsin, but Democrats appeared unlikely to win the Senate, potentially making it difficult for a Democrat administration to rein in Big Tech and other businesses.
USA Key Point
- The EUR is the strongest while the USD is the weakest
- ECB's Villeroy supports that French second lockdown to have less economic impact than the first
- European Commission cuts Eurozone 2021 GDP forecast to +4.2% from +6.1% previously
Gerasimos Papagiannis
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AUD/JPY: Risk off remains and gains momentum
U.S. stocks are set to open lower later, on a combination of the pandemic news and the downbeat news from Tech’s Old Guard late on Thursday.
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USD strength on risk off mood
Asian equity markets traded cautiously after the mixed lead from Wall St where most indices stalled at record levels
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