Good news for Tesla! The tech giant is going to benefit from Biden’s presidency as the new president stated the objective to make the USA the leader in electric vehicle production.
Tag - china
China will publish manufacturing and non-manufacturing PMIs on December 31, at 3:00 MT time.
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The market participants await speeches of Fed's Powell and ECB President Lagarde. Jump in to know latest market movements!
USD/CNH has been steadily dipping, but downbeat China’s PPI and CPI limit the further falling.
The market sentiment is mixed, but there are still interesting movements on the market.
The US election is the hottest topic nowadays, which makes the market volatile. Trump-Biden debates deteriorated the market sentiment and pushed stocks down. Jump in for the fresh analysis of the EUR, the AUD, the GBP and gold!
After Trump-Biden debates the market reaction was initially positive, but Trump's refusal to accept election results in case of Biden’s victory deteriorated the overall sentiment.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.
All the issues point that today the risk-off sentiment will prevail on the market. However, it may change after Powell's speech. Jump in to get fresh trading ideas on gold, EUR/USD, S&P 500 and AUD/USD!
GBP/USD is climbing upward. The break out above 1.3500 will drive the pair to multi-year highs.