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!
Cable eases to session lows
2020-11-12 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAG/USD: Silver after a remarkable sell off is trading on the 23.6% for the second day.
US Market View
The global rally in stocks on the back of Pfizer’s vaccine news ground to a halt, as markets took on board the near-term challenges of a still-potent coronavirus. European stock markets were already falling, even before the release of a surprise drop in Eurozone industrial production in October that underlined the impact of the second wave of Covid-19. Fed Chairman Powell, ECB President Christine Lagarde and Bank of England Governor Andrew Bailey will all address a virtual forum on central banking at 11:45 AM ET. Powell’s appearance will be the first since Joe Biden was declared President-elect last weekend, which may allow him to be less guarded about the policy outlook than he was at his press conference last week.
Lagarde, meanwhile, had told the same event on Wednesday that the ECB is likely to focus on its cheap long-term loan offerings and on its 1.35 trillion pandemic-related bond-buying program when its governing council meets again in December.
USA Key Point
- CHF is the strongest and the GBP is the weakest today
- Euro finds support into latest dip
- ECB's de Guindos supports that it is important that fiscal support is maintained in the coming months
Similar
How to Trade on FOMC Press Conference?
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
Stock Market Drops. Will Correction Continues?
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Latest news
How Will Amazon Price React To The Split?
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
CONSUMPTION AND ITS INFLUENCE ON THE ECONOMY
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
CREDIT CYCLES IN THE ECONOMY AND THE BRAZILIAN CASE
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…
