Risk-on mood remains intact
Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.
GBP/USD Trades to Highest Level since September 18
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Fibonacci Levels
XAG/USD: Silver during the last hours is trying to move higher and continues to stand above 23.6% retracement area. Silver’s outlook remains bullish.
US Market View
President Trump has released a series of videos to reassure the public, and on Sunday took part in a motorcade to acknowledge his supporters who had gathered near the Walter Reed National Military Medical Center just outside Washington. US stock futures pushed higher, rebounding after Friday’s losses, as a lot of the political uncertainty stemming from President Trump’s Covid news dissipated. The number of Covid-19 cases now totals over 35 million worldwide, according to data from Johns Hopkins University, with many countries in the world now suffering from the second wave of infections.
US Key Point
- Ignore Trump, focus on stimulus talks
- EUR/USD trades to last week highs and backs off
Michael Eliades
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Risk-on mood remains intact
Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.
USD/RUB and USD/MXN: bouncing downwards
Let's trade exotics. The Russian ruble and the Mexican peso may gain some value against the US dollar in the short-term.
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