ECB Monetary Policy Time
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Ichimoku Kinko Hyo
EUR/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
XAU/USD: Gold stands above 38.2% retracement area. A dovish ECB later today can help gold bulls.
EU Market View
Asia-Pacific bourses were mostly positive after taking advantage of the constructive handover from the US where Nasdaq rebounded . Saudi Arabia reportedly plans to keep oil production steady despite a recent slump in prices. Looking ahead, highlights from macroeconomic calendar include Norwegian and Swedish CPI, ECB policy announcement, US weekly jobs, US PPI, ECB's Lagarde press conference.
EU Key Point
- Irish PM Martin supports that UK needs to restore trust and give meaningful reassurance to EU negotiators
- Tokyo lowers virus alert in the city by one level