EUR/USD: steady above 1.2200
Ichimoku Kinko Hyo
EUR/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
XAU/USD: Gold bulls keep price above the 23.6% retracement area.
EU Market View
Asian shares and the British pound rose on Thursday ahead of the Christmas break, as Britain and the European Union closed in on a free-trade deal and investors placed bets on global economic recovery prospects. Investors cheered news that Britain and the European Union were on the cusp of striking a narrow trade deal on Thursday that would help them avoid a turbulent economic rupture on New Year's Day. A risk on and weak dollar theme dominated markets on optimism regarding vaccines, US and UK fiscal stimulus, and Brexit, with hope an agreement on the latter can be reached soon.
EU Key Point
- Brexit: Expected delays as talks continue
- Brexit: UK, EU press conferences likely expected around 08:00 GMT today
- Tokyo reports record 888 new coronavirus cases in latest update today