US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Australian dollar runs higher on positive risk tone
2020-12-09 • Updated
Ichimoku Kinko Hyo
USD/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
Fibonacci Levels
XAG/USD: Silver bulls after the recent rally step back and send prices lower at 23.6% retracement area.
European Market View
Asia-Pac bourses traded positively as the region took impetus from the record highs on Wall St. Asian shares rose to a record high and U.S. stock futures gained on Wednesday as investors tracked positive news on COVID-19 vaccines and ongoing efforts to launch more fiscal stimulus.
White House on Tuesday offered Democrats a $916 billion pandemic stimulus proposal that would meet their demand to provide some relief to state and local governments and include liability protections for businesses that have been a top priority of Republicans. The original $2.2 trillion stimulus law enacted in March distributed a round of $1,200 stimulus checks and established the enhanced unemployment benefits at $600 a week through July, which President Trump later extended at $300 a week for most workers.
EU Key Point
- UK's Gove on Brexit: I hope we will get a trade deal
- Germany October trade balance €19.4 billion vs €18.5 billion expected
- Germany reports 20,815 new coronavirus cases in the latest update today.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
