Japanese Yen gains across the board but for how long ?
Fibonacci Levels XAG/USD: Silver facing a further consolidation above 61…
Mixed markets in quiet trading
Information is not investment advice
Ichimoku Kinko Hyo
NZD/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
XAG/USD: Silver after a remarkable sell off is trading significantly lower below the 23.6% retracement area.
US Market View
The global stock market rally weakened overnight after US markets soared to record highs on hopes for a vaccine-driven economic rebound in 2021. ECB warns that the banking situation in the eurozone isn't as good as third-quarter reports. Moreover, it's a heavy data day as the US moves up all of Thursday's usual releases to Wednesday because of Thanksgiving. Topping the bill, weekly jobless claims, and revised data for third-quarter GDP. The European Central Bank warned that Eurozone banks are by no means out of the woods, despite the prospects for a recovery next year.
The ECB warned in its semiannual Financial Stability Review that the risk of a broad asset price correction had risen after the rallies seen this year in markets from bonds to house prices and beyond. Crude oil continues to rally overnight, driven by the prospect of excess liquidity from central banks, but oil is also supported by hopes of a real rebound in demand next year.
USA Key Point
- US Oct prelim durable goods orders +1.3% vs +0.9% expected
- US initial jobless claims come at 778K vs. 730K than the estimate
- The NZD is the strongest and the AUD is the weakest
Gerasimos Papagiannis
Similar
US Dollar enters a wait and see phase
Fibonacci Levels XAU/USD: Gold continuous to stand above 50% retracement area…
US Dollar under sustained pressure. What comes next ?
Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud…
Popular
Activision Blizzard: All Eyes on Earnings Report
What will happen? Activision Blizzard, the developer, and publisher of interactive entertainment content and services will present its earnings report for the second quarter on August 3 after the stock market closes at 23:00 MT…
GBP Awaits Bank of England’s Policy Report
What will happen? The Bank of England will present a monetary policy statement on Thursday, August 4 at 14:00 MT (GMT+3)…
Japanese Yen gains across the board but for how long ?
Fibonacci Levels XAG/USD: Silver facing a further consolidation above 61…
Choose your payment system
