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?
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.
Fibonacci Levels
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
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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