USD: vulnerable for further weakness
Most major Asian equity markets traded positively as the region took impetus from the record-setting session in the US where the S&P 500 notched a record close.
All eyes on ECB as risk off remains strong
Information is not investment advice
Ichimoku Kinko Hyo
GBP/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
XAG/USD: silver moves below the 23.6% retracement level at $23.35. Silver bulls will struggle to gain further as a risk-averse mood still exists.
EU Market View
Asian equity markets traded mostly lower following the bloodbath on Wall Street where all major indices declined by more than 3%. The BoJ maintained policy settings as expected and continued to signal a lack of urgency for immediate support.
Looking ahead, highlights from the macroeconomic calendar include Eurozone Consumer Confidence, Economic Sentiment, US GDP (Advanced), Initial/Continued Jobless Claims, German CPI (Prelim). Japanese Unemployment, ECB and BoJ Rate Decisions, ECB’s Lagarde press conference.
EU Key Point
- China's major state-owned banks said to be buying dollars to limit the yuan appreciation
- BOJ's Kuroda supports that he is ready to ease monetary policy without hesitation if needed
- Germany posts record 16 774 new coronavirus cases ahead of November 'lockdown light'
Gerasimos Papagiannis
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USD: vulnerable for further weakness
Most major Asian equity markets traded positively as the region took impetus from the record-setting session in the US where the S&P 500 notched a record close.
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