Optimism Still Exists for More Stimulus
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
Sterling moves lower on political threats
Information is not investment advice
Ichimoku Kinko Hyo
CAD/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 struggles to move above the 50% level. The current risk-on mood helps silver to move higher.
US Market View
Wall Street futures jumped back into positive territory and European stocks accelerated gains when the U.S. pharmaceutical group said the regulatory filing for the vaccine could come as soon as safety data is available in the third week of November. In midday trading the pan-European STOXX 600 (STOXX) rose 0.8% after losing over 2% on Thursday as new social restrictions in Europe, including a curfew in major French cities and tighter restrictions in London, spooked investors.
As the global race to develop a coronavirus vaccine heats up, financial markets have been tracking every twist and turn, hoping a successful deployment would help sustain economic recovery.
US Key Point
- US September retail sales comes at +1.9% vs +0.8% than expected
- EU's von der Leyen supports that EU team will go to London next week to 'intensify' negotiations
Gerasimos Papagiannis
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Optimism Still Exists for More Stimulus
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
GBP vs EUR and USD: strategic look
The GBP made strong moves against the US dollar and the EUR lately. What's the tactical outlook?
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