Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
BOE increased its quantitative easing program
2020-11-06 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading below the cloud. Further pressure from sellers will lead the pair lower.
XAG/USD: Silver moves on 23.6% retracement level. It seems that silver buyers forming a bullish flag.
European Market View
Democrat Joe Biden inched closer to winning the White House while President Donald Trump escalated his unprecedented efforts to cast doubt on the election's integrity.
Biden, the former vice president, was chipping away at the Republican incumbent's leads in Pennsylvania and Georgia even as he maintained narrow advantages in Nevada and Arizona, moving closer to securing the 270 votes in the state-by-state Electoral College that determines the winner.
The Bank of England increased its quantitative easing program by more than expected, paving the way for bigger government borrowing to deal with an expected double-dip recession.
The Bank expanded the envelope of its asset purchases by 150 billion pounds ($195 billion), or around 7% of U.K’s GDP, supporting that the economy to contract in the fourth quarter and to face extra headwinds at the start of next year from the end of the post-Brexit transition period.
EU Key Point
- Nikkei 225 closes up by 0.91% at its highest level since 1991
- Japan finance minister Aso supports that It is up to the BOJ to decide on monetary policy
- Trump's lead in Pennsylvania continues to narrow through the night
- Germany posts record 21,506 new daily coronavirus cases in latest update today
- Oil has been steadily losing ground during Friday in Asia
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!