Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover.
Daily Market Analysis
U.S. stocks are set to open markedly higher on reassurances from the pharma sector about progress in the hunt for a vaccine to fight the Covid-19 virus.
Eurozone March industrial production comes at 4.1% vs 4.2% m/m than expected
Risk looking positive as we enter European session.
XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.
GBP/USD is now poised to retest the key support level at 1.3000. Jump in for the technical analysis!
ECB President Lagarde offered EUR/USD a free pass to head higher.
ECB September forecasts see higher inflation in 2021, Lagarde says that there is no need to overreact to euro gains.
The Mexican peso can have a breather as the USD is losing its grip. Read the article and use what you see.
With no major U.S. economic reports scheduled for release today, the U.S. dollar is set to take its cue from political and pharmaceutical headlines.
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.
Global markets again went their separate ways, with the Japanese, Korean and Chinese markets all falling heavily while European ones rose. Oil prices rebounded overnight as a degree of stability returned to risk assets.