Brent: Future is Still Sunny
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
EUR/USD: is it the time to touch 1.20?
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAG/USD: Silver in the daily chart shows a significant weakness and bears still hold price below the key retracement resistance area of 23.6%.
EU Market View
Asian shares advanced on Thursday as market euphoria over COVID-19 vaccines and expectations a Biden administration would deliver more economic stimulus and political predictability overrode a slate of weak US economic data. In the currency market, the US dollar stayed under pressure as riskier currencies benefited from the increased optimism. In commodities, oil prices rose for a fifth day as a surprise drop in US crude inventories added to the positive mood stemming from hopes of demand recovery. Looking ahead, highlights from the macroeconomic announcement include the Riksbank policy announcement, ECB minutes, ECB's Lane & Schnabel, US Thanksgiving Holiday.
Minutes from Fed's last policy meeting showed policymakers consider giving markets a better steer on how long they will continue to buy bonds to support an economy under siege from new coronavirus infections.
EU Key Point
- Germany December GfK consumer confidence -6.7 vs -4.9 expected
- Germany reports 22 268 new coronavirus cases in the latest update today
- Italian top official calls for ECB to consider canceling the pandemic debt
- China Securities Journal says some stimulus exit very likely, but no rate hike soon
- China state media warn Biden of tensions and turbulence re Taiwan clarity
- South Korea daily confirmed coronavirus cases today above 500, for the first time since March
Gerasimos Papagiannis
Similar
How will ECB Drive EUR?
What will happen? The European Central Bank will present the monetary policy statement on June 22…
USD/CAD Reversal Pattern
After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.
Popular
Brent: Future is Still Sunny
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
New Trend in Tech Stocks?
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD Holding After ECB Decision
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
Choose your payment system
