EUR/USD at 52 week high
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
European markets traded slightly higher on Wednesday
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is about to exit the Kumo. If that happens, a new bullish sentiment is in force.
US Market View
European markets traded slightly higher on Wednesday, amid optimism about United States and Chine trade.
China is poised to purchase a record amount of U.S. soybeans in 2020, following a drop in the prices of this agricultural commodity this year during the pandemic.
Some strategists on Wall Street are concerned that the current market rally and environment has made stocks vulnerable to a decline.
US Key Point
- European markets traded slightly higher on Wednesday.
- China is poised to purchase a record amount of U.S. soybeans.
Michael Eliades
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EUR/USD at 52 week high
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
USD bulls try to resist
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.
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