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.
US Dollar Losses Further Strength on Positive Chinese Data
Information is not investment advice
Ichimoku Kinko Hyo
USD/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
XAG/USD: Silver has achieved a retracement and the outlook continues to seem bullish for today.
EU Market View
Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover. Looking ahead, highlights from macroeconomic calendar include UK Labour Market report, German ZEW survey, US NY Fed and Industrial Production, weekly Private Inventory Crude Stocks and ECB's Panetta speech.
EU Key Point
- Equity futures pivot higher heading into European session
- US Dollar breaking down through 93.00 on positive Chinese data
- US COVID cases increase by +36K to 6.57mln
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.
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