EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
New coronavirus strain turns markets risk off
2020-12-21 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAG/USD: Silver after a remarkable selloff over the last months is trading near the highs of the year.
EU Market View
Asia-Pacific equities traded mostly lower following a similar downbeat lead from Wall St; Mainland China outperformed.
Boris Johnson is holding emergency talks to avert Christmas food shortages after France banned freight and travel from the UK. The prime minister is chairing a crisis Cobra meeting of senior ministers and officials amid fears in Whitehall that some imported foodstuffs could run out in as little as two weeks. Johnson was forced into action after France and several other European countries responded to his Tier 4 COVID lockdown in southeast England by announcing a two-day travel ban from the UK. Germany, Italy, the Netherlands, Belgium, Austria, Ireland, and Bulgaria have all announced restrictions on UK travel after the PM revealed that a highly infectious new coronavirus strain has gripped the region.
US congressional leaders reached an agreement on Sunday on a $900 billion package to provide the first new aid in months to an economy and individuals battered by the surging coronavirus pandemic, with votes likely on Monday. The package would be the second-largest economic stimulus in US history, following a $2.3 trillion aid bill passed in March. It comes as the pandemic accelerates, infecting more than 214 000 people in the country each day. More than 317 000 Americans have already died.
EU Key Point
- Hong Kong to ban UK flights starting from Tuesday, 22 December 2020
- Trump signs temporary spending bill into law to avoid US government shutdown
- USD extends its broad-based gains still further
- GBP is extending its earlier drop, under 1.3380
Daily Chart 4H Chart Gold began the week higher breaking multiple resistance areas, including 1780 followed by 1800 and closed yesterday's trading above 1800 for the first time since the flash crash that happened few weeks ago…
Gold Daily Chart Throughout last week’s trading, gold traded within a tight range, but it also managed to hold well above its 1775 support area until the end of the week, while the technical indicators has improved over the past few days, including…
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).