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AUD/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
XAU/USD: Gold consolidates on the 38.2% retracement area the last day. Seems that bullish momentum declines recently.
Asian equity markets traded mixed following a similar subdued performance on Wall Street. EU leaders agreed on a compromise involving the EU budget and rule of law with Poland and Hungary, unblocking the recovery package. US Senate Majority Leader McConnell reportedly doesn’t see a path on the two main sticking points (aid to states/cities and liability protections). Looking ahead, highlights from the macroeconomic calendar include US PPI, Uni. of Michigan, Fed's Quarles, ECB's Lagarde, ECB Council Summit. The ECB increased the overall size of its Pandemic Emergency Purchase Programme (PEPP) by 500 billion euros to 1.85 trillion euros and extended the scheme by nine months to March 2022.
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
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