USD/RUB and USD/MXN: bouncing downwards
Let's trade exotics. The Russian ruble and the Mexican peso may gain some value against the US dollar in the short-term.
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.
Fibonacci Levels
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.
Gerasimos Papagiannis
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USD/RUB and USD/MXN: bouncing downwards
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