Gold: breaking through towards $2000?
The gold price is now at the crossroad. Will it revert and fall back into the downtrend or aim at the all-time highs?
USD strengths but for how long?
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
Fibonacci Levels
XAG/USD: Silver is consolidating above 23.6% retracement area and price action remains weak.
EU Market View
Asian equity markets traded mixed with cautious gains in the major regional bourses after the tech-rebound on Wall St. and better than expected Chinese trade data. Fed's Brainard said she expects Fed's current pace of asset purchases to remain appropriate for quite some time. Looking ahead, highlights from the macroeconomic calendar include ECB minutes, US weekly jobs data, OPEC, President-elect Biden is to unveil his stimulus package, Fed's Powell, Rosengren, Bostic, Kaplan speeches.
EU Key Point
- Germany reports deadliest day of the pandemic with 1,244 deaths in latest update today
- World Health Organization team has arrived in Wuhan to probe into the origins of the coronavirus
- China's President Xi has asked Starbucks' Schultz to help promote US-China cooperation
Gerasimos Papagiannis
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Popular
Gold: breaking through towards $2000?
The gold price is now at the crossroad. Will it revert and fall back into the downtrend or aim at the all-time highs?
GPB/USD : stands on key resistance area
Fibonacci Levels XAU/USD: Gold facing a further consolidation below a full time retracement area…
EURUSD : further upside remains very likely
Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud…
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