Optimism Still Exists for More Stimulus
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
AUD/JPY Gains under Risk on Attitude
Information is not investment advice
Ichimoku Kinko Hyo
EUR/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 has made a full correction but still struggles to stand above 23.6% retracement area.
US Market View
US stock markets are set to open sharply higher, helped partly by the lack of a killer punch in the NY Times’ tax disclosures but driven largely by what appeared to be bargain-hunting after four weeks of losses in the major indexes.
The major US cash indexes weakened last week, their fourth week of losses in a row. This selloff has largely been duplicated overseas, and companies are now seeing bargains to be snapped up. The New York Times released an in-depth expose of President Donald Trump’s tax returns, which showed that he paid only $750 in income tax in the year he was elected.
US Key Point
- UK PM spokesman supports that there are significant gaps but a Brexit deal still possible
- The GBP is the strongest and the USD is the weakest currency
Michael Eliades
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Optimism Still Exists for More Stimulus
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
GBP vs EUR and USD: strategic look
The GBP made strong moves against the US dollar and the EUR lately. What's the tactical outlook?
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