Gold: 1 875 to go, 1900 coming
You will find an interesting find-the-difference game in the article. When do you think gold will reach 1900 again?
Cable inches towards key resistance near 1.3400
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
Fibonacci Levels
XAG/USD: After some significant sell off for silver, it seems that bulls return and try to touch the key area of 38.2%.
European Market View
Asian equity markets traded positively as strong data releases helped the region shrug-off the weak handover from the US where stocks were pressured by month-end flows. Fed Chair Powell’s testimony at the Senate Banking Committee reiterated that the outlook for the US economy is uncertain and will depend on the virus. Looking ahead, highlights from the macroeconomic calendar include Eurozone, UK, and US Markit Mfg Final PMI, EZ Flash CPI, US ISM Mfg and Construction Spending, OPEC+ meeting, Fed's Powell, Brainard, Daly, Evans, ECB's Lagarde speeches. The progress on the COVID-19 vaccines and hopes of a swift economic rebound next year added to the optimistic sentiment in the market. The dollar was under pressure on Tuesday, after closing out its worst month since July with a little bounce and as investors reckon on even more US monetary easing.
European Key Point
- Tokyo reports 372 new coronavirus cases in the latest update today
- Head of the US authority responsible for approving COVID-19 vaccines has been called to the White House
- Germany reports 13 604 new coronavirus cases in the latest update today
- RBA announces no change to monetary policy, as expected
Gerasimos Papagiannis
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Gold: 1 875 to go, 1900 coming
You will find an interesting find-the-difference game in the article. When do you think gold will reach 1900 again?
NZD/USD buyers stay in near-term control, helped by risk-on tone
Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy.
USD/MXN: another wave down
USD/MXN got up recently. Is it a strategic trend change? Not yet - rather, another upswing to form a new wave downwards. Perfect positioning to go bearish.
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