Oil dropped on weak demand
Oil fell below $52.00 because investors expect a weaker oil demand amid rising Covid-19 infections and new lockdowns.
GBP minimize losses as Brexit pessimism under question
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
Fibonacci Levels
XAU/USD: Gold after important gains consolidates below a full retracement.
European Market View
Asian equity markets traded cautiously despite fresh record levels on Wall Street. European stock markets are seen opening lower Friday, with doubts again growing that a post-Brexit trade deal between the UK and the European Union can be agreed upon. A spokesman for UK Prime Minister Boris Johnson also warned it was “very likely” there would be no agreement unless the bloc changed its position “substantially”.
The US FDA has reportedly decided to approve Moderna's COVID-19 vaccine on an emergency basis following the panel recommendation. Looking ahead, highlights from the macroeconomic calendar include UK retail sales, German IFO, Canadian retail sales, will be watched.
EU Key Point
- BOJ's Kuroda claims that It is too early to taper ETF purchases
- Eurostoxx futures -0.2% in early European trading
- UK November retail sales -3.8% vs -4.2% m/m expected
- BOJ's Kuroda supports that will ease monetary policy further without hesitation as needed
Gerasimos Papagiannis
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AUD/JPY: Risk off remains and gains momentum
U.S. stocks are set to open lower later, on a combination of the pandemic news and the downbeat news from Tech’s Old Guard late on Thursday.
Oil dropped on weak demand
Oil fell below $52.00 because investors expect a weaker oil demand amid rising Covid-19 infections and new lockdowns.
USD strength on risk off mood
Asian equity markets traded cautiously after the mixed lead from Wall St where most indices stalled at record levels
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