USD bulls try to resist
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.
USD bullish trend in question
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading above the cloud and shows an appetite for risk. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
Fibonacci Levels
XAU/USD: Gold price action disappoints buyers as bears keep price below 23.6% retracement area.
US Market View
World stocks edged higher Friday as hopes of economic recovery ahead helped offset the blow dealt by the news that the US Treasury was ending emergency loan programs. All three major US stock indexes, however, got a healthy boost overnight after Senate Democratic Minority Leader Chuck Schumer said Republican Majority Leader Mitch McConnell had agreed to revive talks to craft a new fiscal relief package. The European Union could pay more than $10 billion to secure hundreds of millions of doses of the vaccine candidates being developed by Pfizer-BioNTech and CureVac, an EU official involved in the talks told Reuters.
USA Key Point
- Pfizer to seek FDA emergency-use authorization for coronavirus vaccine today
- Japan reports record daily coronavirus cases of more than 2,400 in the latest update today
- ECB's Lagarde makes no reference to current monetary policy in a speech today
Gerasimos Papagiannis
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USD bulls try to resist
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.
OPEC+ decision is in focus
Investors are waiting for the significant decision of OPEC+ members to prolong oil output cuts or stop them.
Cable inches towards key resistance near 1.3400
The progress on the COVID-19 vaccines and hopes of a swift economic rebound next year added to the optimistic sentiment in the market.
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