What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
GBP/USD gaps higher on Brexit optimism
2020-12-14 • Updated
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
XAG/USD: Silver consolidates above 38.2% retracement area since Friday. There is indecision between bulls and bears.
European Market View
European stock markets are seen opening mixed Monday, with investors adopting a cautiously optimistic stance after Brexit negotiations were extended past the Sunday deadline. Asian equity markets began the week with a mild positive bias and US equity futures were also underpinned following constructive headlines over the weekend. Looking ahead, highlights include US Electoral College Voting, OPEC MOMR, ECB's Panetta, Schnabel. Elsewhere, the U.S. Food and Drug Administration granted authorization of the Pfizer/BioNTech Covid-19 vaccine late last week. The U.S. will see its first deliveries of the drug starting this week.
There is also the possibility of additional fiscal stimulus in the U.S. with a bipartisan bill for a $908 billion Covid-19 relief package set to be introduced in Congress later in the day.
EU Key Point
- US lawmakers set to unveil two-part relief plan
- EU's Barnier on Brexit supports that two conditions remain unresolved
- US COVID Deaths rise by 1391 on Sunday to 299,489
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…
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!
Some cryptocurrencies, like Bitcoin or Ethereum, are useful and bring real value to the world.
Latest news On September 29, Virgin Galactic announced that the Federal Aviation Administration has approved launches resume after an investigation about why its spaceship veered off course while descending during a July flight with founder Richard…