USD is the strongest and the AUD is the weakest

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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.

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Fibonacci Levels

XAG/USD: Silver after many efforts to move higher returns aggressively bearish.

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US Market View

U.S. stock markets are set to extend Wednesday’s losses when they open later, on fears that the current wave of Covid-19 cases will weigh heavily on output in the final quarter of the year.

The U.S. passed the grim milestone of over 250,000 deaths from Covid-19 as cities and states across the country moved to tighten restrictions on gatherings and economic life to stop their health systems from being overwhelmed. The number of people hospitalized with the virus rose to a new record high of over 79,000, while the death count hit its highest since early May.

The Central Bank of Turkey raised its key one-week borrowing rate by 475 basis points, as its new governor acted to shore up the world’s worst-performing currency among the big emerging markets this year.

USA Key Point

November Philly Fed comes at 26.3 vs 23.0 than expected
IMF's Georgieva supports that global economic recovery may be losing momentum, risks are very high
Barnier reportedly cancels briefings to EU side planned for next week

aud - australian dollar usd jpy - japanese yen eur fundamental analysis technical analysis

Gerasimos Papagiannis

Similar

03.12.2020 16:27 Dollar hits new 31-month low

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.

03.12.2020 15:28 EUR/GBP: Bullish trend remains strong

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.