What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
A USD bullish trend for the months ahead seems very likely
2020-11-05 • Updated
Ichimoku Kinko Hyo
USD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a new bearish outlook.
XAG/USD: Silver achieves a full-time retracement. It is a very high probability scenario Silver to move even higher.
US Market View
US stock futures jumped on Thursday as investors bet that a Republican held Senate would block any moves by a Joe Biden administration to tighten regulation and raise taxes on corporate America, even as the presidential election remained too close to call. Biden had edged closer to victory in the race for the White House on Thursday after winning Michigan and Wisconsin, but Democrats appeared unlikely to win the Senate, potentially making it difficult for a Democrat administration to rein in Big Tech and other businesses.
USA Key Point
- The EUR is the strongest while the USD is the weakest
- ECB's Villeroy supports that French second lockdown to have less economic impact than the first
- European Commission cuts Eurozone 2021 GDP forecast to +4.2% from +6.1% previously
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!