
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
2020-11-25 • Updated
EUR/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAU/USD: Gold has broken down all the retracements areas, which warns of further weakness.
Most major Asian equity markets traded positively as the region took impetus from the record-setting session in the US where the S&P 500 notched a record close. US Treasury Secretary Mnuchin said he will place the USD 455bln of unspent CARES Act money in a general fund, which would need congressional approval to be utilized. Looking ahead, highlights from the macroeconomic calendar include US Durable Goods, GDP (2nd), Core PCE Prelim, University of Michigan Survey, ECB Financial Stability Review, UK Chancellor Sunak November Update, FOMC Minutes.
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
President-elect Biden will present details of his plans to support the economy through the pandemic, while Federal Reserve chairman Jerome Powell may offer some reaction in a speech later.
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