Better News in Covid-19 Vaccine Move Markets
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Ichimoku Kinko Hyo
USD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Fibonacci Levels
XAG/USD: Silver stands below the 23.6% retracement area. Silver buyers gains strength patiently.
US Market View
U.S. stocks are set to open markedly higher on reassurances from the pharma sector about progress in the hunt for a vaccine to fight the Covid-19 virus. Crude oil prices drifted lower amid ongoing concerns about the supply-demand balance falling further out of kilter due to the slow recovery in parts of the global economy.
US Key Point
- EU set to delay UK access decision for euro
- ECB's Makhlouf believes that soft demand will lead to a fall in prices
- The GBPUSD is the strongest and the AUD is the weakest as NA trader enter for the day
- OPEC sees 2020 World oil demand falling