Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
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
Similar
Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
Popular
Fed Keeps Pushing USD to 2000s Highs
The US dollar index has all chances of reaching the 2000s high of 120.00.
Gold isn't saving investors from inflation
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?
Bitcoin Skyrockets Ahead of ETH Merge and US CPI Release
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.
Choose your payment system
