Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
EUR/USD at 52 week high
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAG/USD: Silver after a remarkable sell off is trading on 61.8% key retracement area.
EU Market View
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. US Senate Majority Leader McConnell is working with Chief of Staff Meadows and Treasury Secretary Mnuchin on a revised stimulus proposal. Looking ahead, highlights from macroeconomic calendar include German Retail Sales, EZ Unemployment Rate, US ADP National Employment, ECB's Lane, BoE's Haskel, Fed's Chair Powell, Quarles, Williams speeches. U.S. President-elect Joe Biden told the New York Times his priority is getting a generous aid package through Congress even before he takes office in January.
Top U.S. health officials, meanwhile, announced plans to begin vaccinating Americans against the coronavirus as early as mid-December once regulatory approvals are in place, as nationwide deaths hit the highest number for a single day in six months.
EU Key Point
- Another dose of vaccine optimism to kick start the session
- Global equities rally hard
- Germany October retail sales come at +2.6% vs +1.2% m/m than expected
- BOJ's Amamiya supports that will firmly continue with current easing
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…