U.S. stocks are seen opening mixed Thursday, pausing around record highs as investors await more fresh news on Covid-19 vaccines and potential fiscal stimulus.
USD bullish trend in question
2020-11-20 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading above the cloud and shows an appetite for risk. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAU/USD: Gold price action disappoints buyers as bears keep price below 23.6% retracement area.
US Market View
World stocks edged higher Friday as hopes of economic recovery ahead helped offset the blow dealt by the news that the US Treasury was ending emergency loan programs. All three major US stock indexes, however, got a healthy boost overnight after Senate Democratic Minority Leader Chuck Schumer said Republican Majority Leader Mitch McConnell had agreed to revive talks to craft a new fiscal relief package. The European Union could pay more than $10 billion to secure hundreds of millions of doses of the vaccine candidates being developed by Pfizer-BioNTech and CureVac, an EU official involved in the talks told Reuters.
USA Key Point
- Pfizer to seek FDA emergency-use authorization for coronavirus vaccine today
- Japan reports record daily coronavirus cases of more than 2,400 in the latest update today
- ECB's Lagarde makes no reference to current monetary policy in a speech today
A tentative mood was seen in Asia-Pacific bourses following the flat performance on Wall Street, whilst Chinese Caixin Services PMI printed its second-highest reading in a decade.
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