Indices and Stocks in the Red
The stock market has reversed, and now it’s going lower and lower…
OPEC is set for a virtual meeting tomorrow
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: the pair is now trading slightly above the Kijun Sen. A failed attempt to move higher will lead GBP/JPY below the Kijun Sen. Further drop of the market will push prices further down, confirming the bearish scenario.
European Market View
Today the Brexit talks resume between the European Union and the United Kingdom. Boris Johnsona and the top negotiator Davis will attend a dinner with EU’s Michael Barnier.
In the United States housing starts in focus after the very strong NAHB index yesterday.
OPEC is set for a virtual meeting tomorrow.
Regarding coronavirus, the number of global cases now top 21.8 million and more countries close down or restrict nightlife.
European Key Point
- Brexit talks resume between the European Union and the United Kingdom
- In the U.S. housing starts in focus
- OPEC is set for a virtual meeting tomorrow
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