Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
EСB will struggle to soften euro for long time
2020-12-10 • Updated
Ichimoku Kinko Hyo
EUR/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.
Fibonacci Levels
XAU/USD: Gold bulls return and send price above 61.8% retracement area.
US Market View
The U.S. will release its weekly numbers on jobless claims, at a time when Congress is still struggling to make any headway on a fiscal relief package – not least due disagreements over enhanced unemployment benefits. U.S. stocks are set for another flat opening, still in suspended animation as talks continue on Capitol Hill over a stimulus package. Boris Johnson and Ursula von der Leyen gave their negotiators another four days to bridge still-wide differences over key issues such as fishing rights, state aid and dispute resolution, after failing to make any visible headway in personal talks on Wednesday. The European Central Bank is expected to provide fresh monetary stimulus at its council meeting.
USA Key Point
- ECB Lagarde: The economy seen shrinking in Q4, with the services severely curbed
- US initial jobless claims comes at 853K vs 725K than estimate
- The AUD is the strongest and the GBP is the weakest
Similar
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone