I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
USD entering a short period of consolidation
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The pair is trading below the cloud despite the strong bearish pressure of Japanese Yen since yesterday. Further bearish pressure will lead the currency pair to retest the previous lows.
XAU/USD: Gold moves below 38.2% retracement level. After a remarkable sell off during the last 24 hours, it seems that bulls return.
European Market View
Asian equity markets were mostly higher as the region took its cue from the predominantly strong performance stateside where the S&P 500 and DJIA rallied to fresh record highs. Looking ahead, highlights from macroeconomic calendar include the UK labour market report, German ZEW, Fed's Rosengren, Quarles, Kaplan, ECB's Knot. Scientists, public health officials and investors welcomed the first successful interim data from a large-scale clinical test as a watershed moment that could help turn the tide of the pandemic if the full trial results pan out. President-elect Joe Biden said the news was excellent but did not change the fact that face masks, social distancing and other health measures would be needed well into next year. The World Health Organization called the results very positive but warned there was a funding gap of $4.5 billion that could slow access to tests, medicines and vaccines in low- and middle-income countries.
EU Key Point
- UK October jobless claims change -29.8k vs 28.1k prior
- BOJ introduces special deposit facility to ensure financial system stability
- Germany reports 15,332 new coronavirus cases in latest update today
- US coronavirus hospitalization number the highest since July 10
- On Tuesday Trump has no events scheduled, Biden to speak at 2pm ET
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Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus