EUR/USD remains strong

EUR/USD remains strong

2020-12-08 • Updated

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Ichimoku Kinko Hyo

GBP/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.

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Fibonacci Levels

XAU/USD: Gold continues to move higher achieving a full retracement.

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US Market View

US stocks are set to extend Monday’s losses when markets open later, as concern about the spread of lockdown measures to tackle the pandemic returns to haunt cyclical stocks. Britain is the first Western country to start immunizing its population in what has been hailed as a turning point in the battle to defeat the disease. It is the worst-hit country in Europe with more than 61 000 deaths. Crude oil prices fell again as concerns about the spread of the pandemic again fed through into bearish sentiment about the demand outlook.

 

USA Key Point

  • The CHF is the strongest while the GBP is the weakest
  • UK PM spokesman: Brexit talks will not continue into next year
  • Pound keeps lower on Brexit uncertainty

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