Cable climbs to fresh two-month high

Cable climbs to fresh two-month high

2020-11-10 • Updated

2020_11_10_16_05_06_Template1_PowerPoint.png

GBPUSDM30 (3).png

2020_11_10_16_10_58_Template1_PowerPoint.png

GBPJPYM30 (5).png

Ichimoku Kinko Hyo

USD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a new bullish outlook.

USDJPYM30 (10).png

Fibonacci Levels

 XAG/USD: Silver remains below 61.8% retracement area. Silver bulls after a remarkable sell off yesterday buy passively today.

XAGUSDM30 (6).png

US Market View

US stock markets are set to open mixed as the post-Pfizer rally is reassessed, but cyclicals are still clearly outperforming the growth and momentum names that have notched the biggest gains during the pandemic. The US registered over 100,000 new cases of Covid-19 for the fourth straight day on Monday, with surges in California, Texas and New Mexico. California Governor Gavin Newsom said the reopening process would have to be scaled back in some counties. Crude oil prices added to Monday’s gains on hopes that a Covid-19 vaccine will allow the reopening of the world economy to proceed earlier than thought. The European Union continued to set out its stall for the new US administration by reviving its threat to impose new sales taxes on digital companies if there is no international agreement on how to tax them.

The Trump administration had walked away from a multiyear process on work for a new framework agreement under the auspices of the Organization for Economic Cooperation and Development earlier this year.

The announcement comes a day after the EU imposed tariffs on Boeing and other U.S. producers in line with a WTO ruling that the aircraft maker received illegal support from the U.S. government. In Europe on Tuesday, German economic sentiment, as measured by the ZEW index, fell for a second straight month as Germany posted a new record of Covid-19 cases in intensive care.

UK job losses also hit a new monthly record and the jobless rate hit a four-year high as the government’s wage support scheme petered out.

USA Key Point

  • The GBP is the strongest and the CHF is the weakest.
  • EUR/USD falls to session low.
  • French PM Castex to hold news conference on Thursday evening regarding virus situation in France.

     LOG IN

Similar

Trade ideas for March 28 - April 1
Trade ideas for March 28 - April 1

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!

Latest news

Walmart earnings outlook
Walmart earnings outlook

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?

Deposit with your local payment systems

Be on top of your game

Data collection notice

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

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera