
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
2020-12-18 • Updated
EUR/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
XAU/USD: Gold after important gains consolidates below a full retracement.
Asian equity markets traded cautiously despite fresh record levels on Wall Street. European stock markets are seen opening lower Friday, with doubts again growing that a post-Brexit trade deal between the UK and the European Union can be agreed upon. A spokesman for UK Prime Minister Boris Johnson also warned it was “very likely” there would be no agreement unless the bloc changed its position “substantially”.
The US FDA has reportedly decided to approve Moderna's COVID-19 vaccine on an emergency basis following the panel recommendation. Looking ahead, highlights from the macroeconomic calendar include UK retail sales, German IFO, Canadian retail sales, will be watched.
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
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Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
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