Cable inches towards key resistance near 1.3400
The progress on the COVID-19 vaccines and hopes of a swift economic rebound next year added to the optimistic sentiment in the market.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
AUD/JPY: Risk on remains intact
World shares paused on Monday to assess a record-breaking month
EUR/USD hits a new 3 month high
Looking ahead, highlights from macroeconomic calendar include regional and national German CPIs, US Chicago PMI, OPEC meeting, ECB's Lagarde and BoE's Tenreyro speeches.
EUR/GBP: pullback is awaited
EUR/GBP has approached the strong resistance of 0.9000. Reverse or breakout?
Pound slightly softer as the Brexit saga drags on
U.S. stocks are set to open higher Friday, although gains are likely to be limited with the market set to close early in the aftermath of the Thanksgiving Holiday.
4 Stocks to buy on Black Friday
Black Friday sales will boost e-commerce stocks: Amazon, eBay, Walmart, and Alibaba.
USD/CHF: remains under significant selling pressure
Asian shares stalled near record highs on Friday
USD/ZAR: bears are strong
CIBC anticipates USD/ZAR will end 2020 at around 15.15, and 2021 at 14.95.
Major currencies mostly little changed on the session
US markets are closed for Thanksgiving on Thursday, that's why the volatility falls. However, there are still some interesting movements!
Tesla: every day new records
Tesla’s market value hit $500 billion for the first time on record. Its growth is unstoppable!
AUD: near-term risks
The risk-on sentiment waned and added pressure on the AUD. Can we await a pullback from 0.74?
EUR/USD: is it the time to touch 1.20?
The US dollar stayed under pressure as riskier currencies benefited from the increased optimism.
