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Australian dollar runs higher on positive risk tone
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
XAG/USD: Silver bulls after the recent rally step back and send prices lower at 23.6% retracement area.
European Market View
Asia-Pac bourses traded positively as the region took impetus from the record highs on Wall St. Asian shares rose to a record high and U.S. stock futures gained on Wednesday as investors tracked positive news on COVID-19 vaccines and ongoing efforts to launch more fiscal stimulus.
White House on Tuesday offered Democrats a $916 billion pandemic stimulus proposal that would meet their demand to provide some relief to state and local governments and include liability protections for businesses that have been a top priority of Republicans. The original $2.2 trillion stimulus law enacted in March distributed a round of $1,200 stimulus checks and established the enhanced unemployment benefits at $600 a week through July, which President Trump later extended at $300 a week for most workers.
EU Key Point
- UK's Gove on Brexit: I hope we will get a trade deal
- Germany October trade balance €19.4 billion vs €18.5 billion expected
- Germany reports 20,815 new coronavirus cases in the latest update today.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus