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GBP hits 3 months high as Bexit deal is likely
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAU/USD: Gold fails to move higher and still trading below 23.6% retracement area.
EU Market View
Asian equity markets began the week on the front boot amid virus treatment hopes after reports the FDA granted EUA for Regeneron’s REGN-COV2 antibody cocktail. Looking ahead, highlights from macroeconomic calendar include Eurozone, UK and US PMIs (flash), BoE's Haldane, Bailey, Fed's Evans, Daly, ECB's Schnabel speeches. Investors' fresh optimism comes after a top official of the U.S. government's vaccine development effort said Sunday that the first vaccines could be given to U.S. healthcare workers and others recommended by mid-December. U.S. Treasury Secretary Steven Mnuchin said on Thursday that key pandemic lending programs at the Federal Reserve would expire on Dec. 31, putting the outgoing Trump administration at odds with the central bank and potentially adding stress to the economy.
EU Key Point
- China warns that relations with the US will not automatically get better under Biden
- Germany reports 10,864 new coronavirus cases in latest update today
- US President-elect Biden to name Tony Blinken as secretary of state
- New Zealand dollar on approach to its highs of last week
- EU 'thinks Brexit deal 95% agreed' but anxiety remains
- US to add four more Chinese firms to Pentagon blacklist
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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