The USD has become soft. What's the tactical outlook against its main counterparts?
ECB Says ECB Work on a Digital EURO
Information is not investment advice
Ichimoku Kinko Hyo
CAD/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 stands slightly below the 23.6% retracement area. Seems that some correction is taking place.
EU Market View
The House plan will ultimately be rejected by the Senate with Majority Leader McConnell stating that he supports additional stimulus, but it must be a narrow package. The US House voted in favor of the USD 2.2trl Democrat stimulus plan after House Speaker Pelosi announced the failure to agree a deal with the White House. EU leaders reached an agreement regarding Belarus in which they will impose sanctions on the nation for violence and its election process. Looking ahead, highlights from macroeconomic calendar include EZ CPI, US NFP, Factory Orders, Uni. of Michigan (F), Fed's Harker, European Council Special Meeting.
EU Key Point
Asian equity markets trade lower and the E-mini S&P is showing losses in excess of 1% after US President Trump tested positive for COVID-19
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.