Potential new fiscal policy package in the US
The market focus today will be on politics, with the attempt in the United States to get a new fiscal policy package and the relations with China.
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European stocks traded slightly lower on Friday afternoon
The NZD/JPY pair is trading within the cloud. A failed attempt to move higher will push the market to exit the Kumo, confirming a bearish scenario.
Brexit dead end: GBP sharply dropped
The British pound outperformed the euro and the US dollar after the better-than-expected PMI. However, Brexit deadlock pushed the GBP down.
Optimistic vaccine news from Pfizer
The coalition of Pfizer and BioNTech have announced that the regulatory review of the Covid-19 vaccine is scheduled for October. This positive news may add some tailwinds to the Pfizer stock.
Global PMIs will be released today
The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment.
Coronavirus cases surge in Europe
USD/JPY is moving sideways between the pivot point at 105.708 and the resistance level at 106.26
GBP/USD: technical review
Where is GBP/USD going? See the long-term and short-term technical layout for this important currency pair.
The United States jobless claims will be released
USD/CHF is now testing the key resistance at 0.91519
European markets slightly higher after the record highs of S&P500
The advance of S&P500 came as shares of big tech stocks rallied and reflected the trend of the past months this year in equity markets, as investors showed interest into software and tech names as a defensive strategy against the pandemic.
EUR/USD stabilized below 1.1950
The most traded pair takes a breath after reaching levels unseen since May of 2018.
South African Rand is boosted by risk-on mood
Goldman Sachs claims the ZAR may rise further, if global markets keep rallying. Let’s discuss it in detail.
S&P500 hit an all-time high in the previous session
USD/JPY: The pair is now trading within the cloud. Any decisive movement to the south will lead USD/JPY to exit the Kumo, confirming the bearish scenario.