Dollar hits new 31-month low
U.S. stocks are seen opening mixed Thursday, pausing around record highs as investors await more fresh news on Covid-19 vaccines and potential fiscal stimulus.
NZD Strongest and EUR Weakest Against the USD
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAU/USD: Gold has started a downside correction and stands on 23.6% retracement area.
EU Market View
Asian equity markets traded mixed and only partially benefitted from the technology gains in the US. Looking ahead, highlights from macroeconomic calendar include UK Inflation, US Retail Sales, Canadian CPI, New Zealand GDP, FOMC Policy Decision, OECD Economic Update, EC President von der Leyen and Fed Chair Powell.
EU Key Point
- US blacklists another Chinese firm over military work
- US Texas has the biggest daily jump in COVID infections in nearly 3 weeks
- Bank of America fund manager survey indicates that "Long US tech" is the most crowded trade ever
- S. to remove tariffs on Canadian aluminum
Michael Eliades
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Dollar hits new 31-month low
U.S. stocks are seen opening mixed Thursday, pausing around record highs as investors await more fresh news on Covid-19 vaccines and potential fiscal stimulus.
EUR/GBP: Bullish trend remains strong
A tentative mood was seen in Asia-Pacific bourses following the flat performance on Wall Street, whilst Chinese Caixin Services PMI printed its second-highest reading in a decade.
EUR/AUD looks down
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