Looking ahead, highlights rom macroeconomic calendar include UK GDP and output data, Swedish inflation, ECB rate decision & press conference, US CPI, IJC, EU Council Meeting, BoC's Beaudry, FDA EUA meeting
Tag - eur
The ECB statement and US unemployment claims will be out today. How the market will react?
In a nutshell: no Brexit deal reached so far, the GBP is fluctuating.
U.S. stock markets are set to open mostly higher, supported by signs that the U.S. is edging closer to agreeing a fiscal package to lighten the burden on the economy from the latest wave of the Covid-19 pandemic.
The mid-term perspective suggests there is a high likelihood of a slide downwards with EUR/JPY. Why? See the article.
EUR/USD, GBP/USD, AUD/USD, and XAU/USD have reached interesting technical levels. Traders are hoping that the US authorizes the Pfizer vaccine this week. They also want to know how the dinner between the UK Prime Minister Boris Johnson and European Commission Ursula von der Leyen goes and how it will influence Brexit.
The European Central Bank will publish the last statement of the year on December 10, at 14:45 MT time.
The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.
US stocks are set to extend Monday’s losses when markets open later, as concern about the spread of lockdown measures to tackle the pandemic returns to haunt cyclical stocks.
EUR is weakening against the CHF. What's the outlook?
All attention on the market is on the Brexit process. Fears over the no-deal Brexit pushed the British pound deep down.
Further bearish pressure will lead AUD/JPY to retest the previous lows of 77.00.