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EUR/USD targets new highs
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.
XAG/USD: Silver continues to stay below the key resistance area of 23.6%, it seems that bears still have control.
US Market View
U.S. stock markets are set to open higher amid the prospect of an end in sight to uncertainty over the election and the incremental good news on the vaccine front. A federal judge in Pennsylvania threw out a lawsuit filed by President Donald Trump’s lawyers that aimed to overturn the result of the election, removing the last major obstacle to Joe Biden being declared the official victor. The dollar fell and risk assets rose around the globe on more positive news about the development of vaccines to treat Covid-19. Europe’s economy contracted in November for the first time in five months under the pressure of lockdown restrictions. n more positive news, France announced it would reopen non-essential stores ahead of Christmas in response to a sharp drop in new infections of Covid-19, while the U.K. is likewise expected to announce later Monday that some lockdown measures will be relaxed as of December 1. Crude oil prices hit their highest level since August overnight, after reports of a military strike by Yemeni Houthi rebels against a Saudi Arabian oil storage and distribution center.
USA Key Point
- The GBP is the strongest and the USD is weakest
- EUR/USD touches 1.1900 as dollar eases lower on the session
- EU's Barnier supports that fundamental divergences remain, continuing to work hard for a deal
- The pound continues to lead the charge on the session
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus