Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
Tag - technical analysis
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
All the Forex news that can impact the market today are presented here!
The USA will publish its Advance GDP growth at 15:30 MT (GMT+3). If the data is really stronger-than-expected, the USD will get another stimulus to rise and EUR/USD will fall.
USD/CAD is eyeing 1.2900. What’s next?
The USD has started the day on a positive footing and pushed USD/JPY upwards. What's next?
The fresh resurgence of Covid-19 cases and Fed’s Meeting Minutes drove USD/ZAR above the psychological mark of 15.00.
The UK has published a set of encouraging economic data on Friday. UK Retail Sales came out with better-than-expected data as well as PMI reports.
XAU/USD went back above $1 850 after it reversed from the 200-day moving average.
Ichimoku Kinko Hyo GBY/JPY: The GBP/JPY pair is now testing the Tenkan sen and Kijun sen level…
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.
Stock futures rose in the beginning of the week, setting stocks up to add to last week’s record levels as markets reacted to positive developments over the COVID19 treatment.