Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!
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.
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
The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…
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