GBP: bullish trend under question
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EUR/GBP: Bullish trend remains strong
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading below the cloud. Further bearish pressure will lead the currency pair to retest the previous lows.
Fibonacci Levels
XAG/USD: Silver bulls return dynamically in order to send price above 61.8% retracement area.
European Market View
A tentative mood was seen in Asia-Pacific bourses following the flat performance on Wall Street, whilst Chinese Caixin Services PMI printed its second-highest reading in a decade. Looking ahead, highlights from macroeconomic calendar include Eurozone, UK and US Markit Services and Composite Final PMIs, EZ Retail Sales, US Initial Jobless Claims, ISM Services PMI, OPEC+ meeting. Britain became the first Western country to approve a COVID-19 vaccine, with 800,000 doses of the Pfizer and BioNTech vaccine available for those at high risk starting next week. Hopes that the pandemic, which has so far killed nearly 1.5 million people globally, will finally be brought under control sparked a risk-on rally in currency markets with the Australian and New Zealand dollars advancing against their U.S. counterpart.
EU Key Point
- US confirms travel curbs on Chines Communist Party members
- Cable inches back above 1.3400, awaiting further Brexit clues
- Germany reports 22,046 new coronavirus cases in latest update today
- Los Angeles announces a city-wide lockdown stay at home order
Gerasimos Papagiannis
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GBP: bullish trend under question
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
Gold: trade the sideways move
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
$1.9 tln stimulus is unlikely to support the USD in long term
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
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