Trade ideas for March 28 - April 1
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!
GBP/USD loses strenght because of an extented Brexit uncertainty
2020-12-07 • Updated
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading below the cloud. Further bearish pressure will lead the currency pair to retest the previous lows.
Fibonacci Levels
XAU/USD: Gold consolidates above the key 50% retracement area since Thursday.
European Market View
Asian equity markets were mixed despite the region initially taking its cue from the fresh record levels last Friday on Wall Street in which all major indices posted all-time highs. Asian shares retreated from a record peak on Monday after a Reuters report the United States was preparing to impose sanctions on some Chinese officials highlighted geopolitical tensions, while oil prices fell on surging virus cases.
Looking ahead, highlights from macroeconomic calendar include Eurozone Sentiment Index, German Industrial Production and Riksbank Minutes.
EU Key Point
- UK reportedly reaffirms that there is no progress on fisheries, says EU is 'literally making it up'
- Barnier reportedly told EU envoys that there is no deal yet
- German factories less optimistic about production in the coming months
- Germany reports 12,332 new coronavirus cases in latest update today
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