US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
US Dollar Losing Further Ground
2020-11-16 • Updated
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAG/USD: Silver after a remarkable sell off last week is trading higher between 50% and 61.8 retracement area.
EU Market View
Asian equities hit a record high on Monday as investors set aside fears about rising coronavirus cases and bought stocks, cheered by data showing a robust recovery in China and Japan. There are just mountains of cash sitting on the sidelines and big hedge funds know it. Japanese economic growth, which beat records and forecasts to pull the world's third-largest economy out of recession and better-than-expected industrial output in China added to the enthusiastic mood. Investors are suddenly more optimistic on the global economic outlook after upbeat news on the Pfizer vaccine early last week. The vaccine breakthrough ignited a rally in the riskiest assets around the world. EU sources noted there was less progress in recent days on outstanding Brexit sticking points than they had hoped for.Looking ahead, highlights from macroeconomic calendar include US NY Fed Manufacturing, RBA’s Lowe, Fed’s Clarida and Daly, ECB’s Lagarde, de Guindos and Mersch speeches.
EU Key Point
- BOJ's Masai supports that ETF purchases, forward guidance will remain part of our toolkit
- ECB president Lagarde to speak later today
- Germany reports 10,824 new coronavirus cases in latest update today
- China data shows new jobs created from Jan to Oct, reached the annual target ahead of schedule
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Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
