I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
Cable eases to session lows
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAG/USD: Silver after a remarkable sell off is trading on the 23.6% for the second day.
US Market View
The global rally in stocks on the back of Pfizer’s vaccine news ground to a halt, as markets took on board the near-term challenges of a still-potent coronavirus. European stock markets were already falling, even before the release of a surprise drop in Eurozone industrial production in October that underlined the impact of the second wave of Covid-19. Fed Chairman Powell, ECB President Christine Lagarde and Bank of England Governor Andrew Bailey will all address a virtual forum on central banking at 11:45 AM ET. Powell’s appearance will be the first since Joe Biden was declared President-elect last weekend, which may allow him to be less guarded about the policy outlook than he was at his press conference last week.
Lagarde, meanwhile, had told the same event on Wednesday that the ECB is likely to focus on its cheap long-term loan offerings and on its 1.35 trillion pandemic-related bond-buying program when its governing council meets again in December.
USA Key Point
- CHF is the strongest and the GBP is the weakest today
- Euro finds support into latest dip
- ECB's de Guindos supports that it is important that fiscal support is maintained in the coming months
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