Commodities outlook: oil and gold
What are the projections for the oil and gold prices? Let's discover that in the review for commodities.
EUR/USD: The big picture remains bullish
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 continuous to stand below 38.2% retracement area. Bearish pressure is growing during the last days.
EU Market View
Asia-Pac stocks head into the weekend mixed after the region partially shrugged off the early headwinds from the US. European stock markets are seen opening mixed Friday, as investors try to digest the competing influences of the European Central Bank retaining its ultra easy monetary policies and losses on Wall Street overnight. The ECB decided at its meeting on Thursday to leave its 1.85 trillion-euro ($2.23 trillion) bond-buying program in place, confirming that purchases will run at an elevated pace in the current quarter.
While this was expected, President Christine Lagarde also assured the market that pullbacks in this emergency program were not under discussion despite its prediction of a strong rebound in the euro zone economy from mid-year.
The dollar weakened in early European trading Friday, sticking to narrow ranges as traders turn their attention onto next week’s Federal Reserve meeting following the conclusion of the European Central Bank get-together
Looking ahead, highlights include UK retail sales, Eurozone, UK & US flash PMIs, CBR rate decision, ECB's Lagarde. Earnings from Daimler, Honeywell and American Express
EU Key Point
- European equities lower at the open today.
- Australia: Perth to enter three-day lockdown starting from midnight.
- UK March retail sales +5.4% vs +1.5% m/m expected.
- Germany reports 27,543 new coronavirus cases, 265 deaths in latest update today.
- BOJ Gov Kuroda says too early discuss timing, means of exit from ultra-easy policy.
- Coronavirus - New Zealand tightens border controls, will restrict arrivals from 4 high-risk nations.
- Japan finance minister Aso says discussing support policies for the upcoming State of Emergency.
Gerasimos Papagiannis
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Commodities outlook: oil and gold
What are the projections for the oil and gold prices? Let's discover that in the review for commodities.
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