Brent: Future is Still Sunny
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
British Pound Under Pressure
Information is not investment advice
Ichimoku Kinko Hyo
GBP/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.
Fibonacci Levels
XAU/USD: Gold moves below 38.2% retracement level. It seems that gold bulls still struggle to move higher.
EU Market View
Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.
Looking ahead, highlights from macroeconomic calendar include UK Retail Sales, Eurozone, UK, and US PMIs (Flash), CBR Rate Decision; S&P reviewing Greece, UK and Italy. The final Presidential Debate prompted little market action, but was overall structured, civilized and touched upon policy.
EU Key Point
- China's FX regulator said the CNY is more stable than expected and has maintained relatively high flexibility
- US President Trump said a COVID-19 vaccine is ready and will be announced in the coming weeks, but it is not a guarantee
- France's Le Maire: Q4 will show negative figure for French economy
Gerasimos Papagiannis
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After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.
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Brent: Future is Still Sunny
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
New Trend in Tech Stocks?
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD Holding After ECB Decision
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
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