Commodities outlook: oil and gold
What are the projections for the oil and gold prices? Let's discover that in the review for commodities.
Huge apetite for risk across all assets
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
XAG/USD: Silver is flying higher and breaking out all resistance areas.
European Market View
The Fed kept rates unchanged, enhanced guidance and refrained from extending the weighted average maturity of purchases. Looking ahead, highlights from macroeconomic calendar include BoE, SNB, Eurozone CPI (final), US building permits, housing starts, IJC, Philadelphia Fed, Japanese CPI, NZ trade, ECB's Schnabel, de Guindos speeches. Stocks scaled record heights, the dollar plumbed two-year lows and oil prices hit their strongest since March on Thursday, as monetary support and the hope of fiscal stimulus in the United States put traders in a festive mood. U.S. lawmakers edged closer to agreement on a $900 billion virus-relief spending package on Wednesday with top Democrats and Republicans sounding more positive than they have in months about getting something done.
The proposal is expected to include $600-$700 stimulus checks and extended unemployment benefits and cannot come soon enough as U.S. COVID-19 infections soar to record levels.
EU Key Point
- Dollar trails behind to kick start the session
- Tokyo reports 822 new coronavirus cases in the latest update today
- Germany reports 26,923 new coronavirus cases in the latest update today
Gerasimos Papagiannis
Similar
Forex majors: short-term and long-term
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
CAD strengthened after oil surged
Oil prices surged Wednesday, with a sharp fall in US crude stockpiles adding to increased optimism the reopening drives in Europe and the US will boost overall fuel demand.
Popular
Indices are at record highs
In this article, you'll find the overview of stock indices and tech analysis of S&P 500.
Commodities outlook: oil and gold
What are the projections for the oil and gold prices? Let's discover that in the review for commodities.
NFP Cheat sheet. How not to miss good trades?
Non-farm payrolls will come out on Friday at 15:30 MT (GMT+3). Let's get ready together!
Choose your payment system
