Gold: 1 875 to go, 1900 coming
You will find an interesting find-the-difference game in the article. When do you think gold will reach 1900 again?
GBP/USD still enjoys Brexit deal but for how long?
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.
Fibonacci Levels
XAU/USD: Gold is trading above the 23.6% retracement area. Bullish trend remains weak.
US Market View
US stocks are seen opening higher Tuesday, rebounding from the previous session’s losses with investors looking for additional fiscal stimulus amid continued political turmoil. The United States lost more than 22 000 lives to Covid-19 last week, a second straight weekly record. The overall death toll is now 375 000. The current surge, and the associated economic damage, prompted President-elect Joe Biden to promise further economic stimulus “in the trillions of dollars” late last week. More details are expected to follow in a formal announcement on Thursday, something that is supporting markets at their current elevated level.
USA Key Point
- Gold gains 1% on the day as buyers keep a defense of key support level
- German chancellor Merkel expects lockdown to last until early April
- The GBP is the strongest and the USD is the weakest
- European equities pare gains as sentiment stays rather mixed on the session
Gerasimos Papagiannis
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Gold: 1 875 to go, 1900 coming
You will find an interesting find-the-difference game in the article. When do you think gold will reach 1900 again?
NZD/USD buyers stay in near-term control, helped by risk-on tone
Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy.
USD/MXN: another wave down
USD/MXN got up recently. Is it a strategic trend change? Not yet - rather, another upswing to form a new wave downwards. Perfect positioning to go bearish.
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