Brent: Future is Still Sunny
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
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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Brent: Future is Still Sunny
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
New Trend in Tech Stocks?
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EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
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