USDJPY continues to be below the 110.00 area
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading within the cloud…
USD/CHF: remains under significant selling pressure
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
Fibonacci Levels
XAG/USD: Silver consolidates below 23.6% retracement level. It seems that silver will struggle further to gain.
European Market View
Asian shares stalled near record highs on Friday as investors weighed renewed doubts about a highly anticipated coronavirus vaccine against hopes that some of the region's economies will recovery quicker than their Western peers. U.S. hospitalizations for COVID-19 are at a record and experts warn that Thanksgiving gatherings could lead to further infections and deaths. More than 20 million people across England will be forced to live under the toughest restrictions even after a national lockdown ends on Dec. 2. Partial lockdowns in some European countries have also raised concern about economic growth.
Asian equity markets were mixed as trade continued to lack firm direction following the holiday closure in the US for Thanksgiving. Looking ahead highlights from macroeconomic calendar include Eurozone Consumer Confidence (Final) & Economic Sentiment, Black Friday, ECB's Schnabel and Panetta speeches.
European Key Point
- Tokyo reports a record 570 new coronavirus cases in latest update today
- ECB's Panetta supports that ecb stimulus so far has not been sufficient
- Germany sees total confirmed coronavirus cases surpass the 1 million mark
- ECB's Panetta says there should be no doubt on the Bank's inflation commitment
- China Industrial Profits for October comes at +28.2% y/y (prior +10.1%)
- The UK is moving to get Oxford-Astra COVID-19 vaccine drug approved faster
Gerasimos Papagiannis
Similar
Gold exploded after FOMC meeting!
As we discussed in the previous article devoted to gold, the price is growing extremely fast after a dovish FOMC’s statement…
USD continues to weaken against the EUR
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading slightly below the Tenkan Sen level…
Popular
USD/JPY: Take Your Profits
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
Amazon Earnings Disappoint
Shares declined by about 7% in the extended trading after the results were released. It marked the first time Amazon had missed quarterly sales estimates since 2018.
USDJPY continues to be below the 110.00 area
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading within the cloud…
Choose your payment system
