Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
GBP Remains Under Pressure
Information is not investment advice
Ichimoku Kinko Hyo
AUD/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 moves above 61.8% retracement level. It seems that gold bulls the last hours gain control.
European Market View
Asia equity markets take impetus from the tech-led rally in US as further results of the US election trickled in which shows Biden in the lead. The winner of the US Presidential election has still yet to be declared, although Democrat candidate Biden currently leads in electoral votes. With massive fiscal stimulus likely off the agenda, another wave of near-free liquidity seemed inevitable.
Looking ahead highlights from macroeconomic calendar include, German Industrial Orders, Eurozone Retail Sales, Fed and BoE Rate Decisions, Fed Chair Powell, ECB's Schnabel, de Guindos and Weidmann speeches.
USA Key Point
- Germany posts record daily coronavirus infections of nearly 20,000 cases.
- US election count in state of Georgia - Trump may ask for a recount if he loses.
- Bank of Japan Governor Kuroda says that he will continues to buy ETFs.
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Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
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