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2020-12-08 • Updated
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.
XAU/USD: Gold continues to move higher achieving a full retracement.
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.
USD/TRY belongs to the exotic group of Forex currency pairs, that’s why traders don’t trade it regularly. However, these days this pair is in the focus of all the trading community!
On October 28 European Central Bank held a press conference. Inflation has hit Europe and now the time has come for more profound steps in the fight with the post-pandemic economy. What should we know to trade these events?
The Turkish lira has been pressed by Turkey’s central bank (CBRT). Analysts believe USD/TRY will reach 10.00 by the year's end.
Are you searching for trade opportunities for December 6-10? Here you go!
Both omicron and Powell’s comments increased volatility in EUR/USD. What to expect further?
There has been extreme depreciation in TRY assets recently…
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