What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
EUR/USD at 52 week high
2020-12-02 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAG/USD: Silver after a remarkable sell off is trading on 61.8% key retracement area.
EU Market View
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs. US Senate Majority Leader McConnell is working with Chief of Staff Meadows and Treasury Secretary Mnuchin on a revised stimulus proposal. Looking ahead, highlights from macroeconomic calendar include German Retail Sales, EZ Unemployment Rate, US ADP National Employment, ECB's Lane, BoE's Haskel, Fed's Chair Powell, Quarles, Williams speeches. U.S. President-elect Joe Biden told the New York Times his priority is getting a generous aid package through Congress even before he takes office in January.
Top U.S. health officials, meanwhile, announced plans to begin vaccinating Americans against the coronavirus as early as mid-December once regulatory approvals are in place, as nationwide deaths hit the highest number for a single day in six months.
EU Key Point
- Another dose of vaccine optimism to kick start the session
- Global equities rally hard
- Germany October retail sales come at +2.6% vs +1.2% m/m than expected
- BOJ's Amamiya supports that will firmly continue with current easing
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