GBP/USD gaps higher on Brexit optimism

Read the article on FBS website

2020_12_14_10_08_15_Template1_PowerPoint.png

GBPUSDM30 (3).png

2020_12_14_10_12_03_Template1_PowerPoint.png

GBPJPYM30,.png

Ichimoku Kinko Hyo

GBP/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.

GBPJPYM30 (3).png

Fibonacci Levels

 XAG/USD: Silver consolidates above 38.2% retracement area since Friday. There is indecision between bulls and bears.

XAGUSDH4 (5).png

European Market View

 European stock markets are seen opening mixed Monday, with investors adopting a cautiously optimistic stance after Brexit negotiations were extended past the Sunday deadline. Asian equity markets began the week with a mild positive bias and US equity futures were also underpinned following constructive headlines over the weekend. Looking ahead, highlights include US Electoral College Voting, OPEC MOMR, ECB's Panetta, Schnabel. Elsewhere, the U.S. Food and Drug Administration granted authorization of the Pfizer/BioNTech Covid-19 vaccine late last week. The U.S. will see its first deliveries of the drug starting this week. 

There is also the possibility of additional fiscal stimulus in the U.S. with a bipartisan bill for a $908 billion Covid-19 relief package set to be introduced in Congress later in the day. 

EU Key Point

  • US lawmakers set to unveil two-part relief plan
  • EU's Barnier on Brexit supports that two conditions remain unresolved
  • US COVID Deaths rise by 1391 on Sunday to 299,489

LOG IN

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.