ONLINE FOREX BROKER
2020-12-15 • Updated
AUD/JPY: The pair is trading below the cloud. Further bearish pressure will lead the currency pair to retest the previous lows.
XAG/USD: Silver consolidates above the 23.6% retracement area during the last hours.
Asian equity markets follow suit to the mixed performance in the US where sentiment was pressured and DJIA pulled back from record highs amid lockdown concerns.
Electoral College officially voted to confirm President-elect Biden's election victory with sufficient electors required to become President. Looking ahead, highlights include UK labor market report, NY Fed manufacturing, industrial production, Australian PMIs, Japanese trade balance, ECB's Lane, BoC's Macklem speeches. COVID crisis continues to create uncertainty with the UK government imposed tighter Covid-19 restrictions on London, citing increased infection rates that may be partly linked to a new variant of the coronavirus.
This follows news that Germany will enter a lockdown from Wednesday that will see the closure of non-essential stores, The Netherlands has announced a new five-week lockdown, while Italy is considering more stringent restrictions over the Christmas holidays.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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