Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
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
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.