The G20 summit took place in Bali, Indonesia, on November 2022…
Dollar weakness gains strength
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAU/USD: Gold after a remarkable selloff is trading strongly higher and stands below the 23.6% retracement area.
US Market View
US stock markets look set to break a four-day losing streak later, with the futures contracts for all three major indices trading higher in the overnight session. The International Energy Agency trimmed its forecast for global oil demand by 100 000 barrels a day, but still said it expected a robust recovery in global demand in 2021, resulting in average demand of 96.9 million barrels a day.
The US Food and Drug Administration will release its analysis of data from the stage 3 trial of Moderna’s Covid-19 vaccine, a preliminary step toward the granting of emergency use authorization, which may come by the end of the week. The European Union added to Big Tech’s regulatory woes, publishing a draft regulation on digital services and markets with provisions allowing it to break up companies if they repeatedly offend. The Chinese economy has reached cruise control. Industrial production and retail sales continued to grow in November, underlining the country’s status as the only major world economy likely to grow this year, but the rate of improvement has flattened out in the last couple of months.
USA Key Point
- GBP finds buyers from Sunday's gap
- German health minister supports that COVID-19 infection numbers and deaths too high
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
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