AUD/JPY : Appetite for risk is booming
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
USD/JPY consolidation period remains intact
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
Fibonacci Levels
XAU/USD: Gold consolidates on the 38.2% retracement area the last day. Seems that bullish momentum declines recently.
European Market View
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.
EU Key Point
- The German government, states to discuss new virus measures this weekend
- ECB's Villeroy that ECB is vigilant about the euro exchange rate
- The BOJ is likely to extend corporate funding aid schemes
- Germany sees a jump to record daily coronavirus cases alongside the deadliest day of the pandemic
Gerasimos Papagiannis
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AUD/JPY : Appetite for risk is booming
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Is gold ready to shoot up?
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
USD/JPY: Downtrend could extend to the 108.40 region
Ichimoku Kinko Hyo GBP/JPY: The pair is trading below the cloud…
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