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Daily Market Analysis
ECB Lagarde: The economy seen shrinking in Q4, with the services severely curbed
Looking ahead, highlights rom macroeconomic calendar include UK GDP and output data, Swedish inflation, ECB rate decision & press conference, US CPI, IJC, EU Council Meeting, BoC's Beaudry, FDA EUA meeting
U.S. stock markets are set to open mostly higher, supported by signs that the U.S. is edging closer to agreeing a fiscal package to lighten the burden on the economy from the latest wave of the Covid-19 pandemic.
Will the AUD keep pushing to the upside or go into a bearish reversal?
The mid-term perspective suggests there is a high likelihood of a slide downwards with EUR/JPY. Why? See the article.
Asia-Pac bourses traded positively as the region took impetus from the record highs on Wall St. Asian shares rose to a record high and U.S. stock futures
US stocks are set to extend Monday’s losses when markets open later, as concern about the spread of lockdown measures to tackle the pandemic returns to haunt cyclical stocks.
Tesla will offer its stock the third time this year. What's the technical outlook?
USD/ZAR dropped to the low levels unseen since February as investors foresee the soon global recovery.
EUR is weakening against the CHF. What's the outlook?
Further bearish pressure will lead AUD/JPY to retest the previous lows of 77.00.