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Brexit talks set to restart
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
XAG/USD: Silver gains and moves above 23.6% level. It seems that bulls will gain further.
US Market View
A senior US official tells Politico's Morning Money that (in relation to recent upbeat comments from House Speaker Pelosi) that there was “nothing real here” and accused Pelosi of just “running out the clock” before the election. The political theater over a U.S. fiscal stimulus package drags on into another day, with House Speaker Nancy Pelosi extending her self-imposed deadline for a deal and President Donald Trump putting more pressure on Senate Republicans via Twitter and the campaign trail to agree to a larger package of support measures. Crude oil prices came off the highs posted in reaction to progress on the U.S. stimulus talks but remain well supported, helped by weakness in the dollar which it makes oil cheaper for non-U.S. buyers.
US Key Point
- Canada new home prices jump the most in 14 years
- Brainard making the case for owning stocks: "Financing conditions favorable for large businesses, tight for small businesses"
- Fed's Brainard supports that aside from virus, biggest downside risk is no fiscal support
- Paypal to allow users to buy, hold and sell four cryptocurrencies
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