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BOE increased its quantitative easing program
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading below the cloud. Further pressure from sellers will lead the pair lower.
XAG/USD: Silver moves on 23.6% retracement level. It seems that silver buyers forming a bullish flag.
European Market View
Democrat Joe Biden inched closer to winning the White House while President Donald Trump escalated his unprecedented efforts to cast doubt on the election's integrity.
Biden, the former vice president, was chipping away at the Republican incumbent's leads in Pennsylvania and Georgia even as he maintained narrow advantages in Nevada and Arizona, moving closer to securing the 270 votes in the state-by-state Electoral College that determines the winner.
The Bank of England increased its quantitative easing program by more than expected, paving the way for bigger government borrowing to deal with an expected double-dip recession.
The Bank expanded the envelope of its asset purchases by 150 billion pounds ($195 billion), or around 7% of U.K’s GDP, supporting that the economy to contract in the fourth quarter and to face extra headwinds at the start of next year from the end of the post-Brexit transition period.
EU Key Point
- Nikkei 225 closes up by 0.91% at its highest level since 1991
- Japan finance minister Aso supports that It is up to the BOJ to decide on monetary policy
- Trump's lead in Pennsylvania continues to narrow through the night
- Germany posts record 21,506 new daily coronavirus cases in latest update today
- Oil has been steadily losing ground during Friday in Asia
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