![2020_12_23_10_02_43_Template1_PowerPoint.png](/storage/uploads/images/1608714281-2e00da2d4d801a91ebeab96bf907a529.png)
![AUDUSDM30 (1).png](/storage/uploads/images/1608714270-dbb72156f9aeedfa65abda5dd71db48d.png)
![2020_12_23_10_09_19_Template1_PowerPoint.png](/storage/uploads/images/1608714304-5743bcd57830ddc352dfc6dd551cde63.png)
![GBPUSDM30 (4).png](/storage/uploads/images/1608714324-82755c5e85ba72423ddd951512803763.png)
Ichimoku Kinko Hyo
USD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
![USDJPYM30 (6).png](/storage/uploads/images/1608714364-b627aa4e64131ecd63c7bec1d94af80d.png)
Fibonacci Levels
XAG/USD: Silver after a remarkable strength yesterday lost 4% and now stands above 38.2% retracement area.
![XAGUSDH4 (8).png](/storage/uploads/images/1608714399-918b0824151c46dd6436b9fa6e9330b4.png)
EU Market View
The dollar was down on Wednesday morning in Asia, despite caution over the new B.1.1.7 strain of the COVID-19 virus pushing investors turn toward safe-haven assets. The discovery of the B.1.1.7 strain, first seen in the U.K., saw London and southeastern England put under Tier 4 lockdowns. The Philippines banned all U.K. flights from Dec. 24 earlier in the day, joining over 40 countries that have closed their borders to the U.K. and causing travel chaos just a few days before Christmas. Demand for the dollar had been weakening as the rollout of vaccines and the possibility of more U.S. stimulus measures boosted hopes for a global economic recovery from COVID-19, sapping demand for the dollar and other safe-haven currencies.
EU Key Point
- Gold down on day and remains below 100 day MA
- Japan says to ban travel from UK starting from Thursday amid new virus strain
- Germany reports 24,740 new coronavirus cases in latest update today
- Pelosi says eager to provide $2,000 checks
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