Potential new fiscal policy package in the US
The market focus today will be on politics, with the attempt in the United States to get a new fiscal policy package and the relations with China.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Coronavirus cases surge in Europe
USD/JPY is moving sideways between the pivot point at 105.708 and the resistance level at 106.26
GBP/USD: technical review
Where is GBP/USD going? See the long-term and short-term technical layout for this important currency pair.
The United States jobless claims will be released
USD/CHF is now testing the key resistance at 0.91519
European markets slightly higher after the record highs of S&P500
The advance of S&P500 came as shares of big tech stocks rallied and reflected the trend of the past months of this year in equity markets.
S&P500 hit an all-time high in the previous session
USD/JPY: The pair is now trading within the cloud. Any decisive movement to the south will lead USD/JPY to exit the Kumo, confirming the bearish scenario.
S&P500 in flirt with a new all-time high
ER/JPY: The EUR/JPY pair is now testing the upper level of the cloud. A successful attempt to exit the Kumo will signal a new bullish sentiment.
OPEC is set for a virtual meeting tomorrow
GBP/JPY: the pair is now trading slightly above the Kijun Sen. A failed attempt to move higher will lead GBP/JPY below the Kijun Sen.
S&P500 attempts last February’s record close
AUD/USD is now poised to test the hurdle at 0.72045
Brexit negotiations will resume this week
GBP/USD is now gyrating the daily pivot point at 1.3308
GOLD: still looking upwards
After an epic fall recently, the gold price is in correction mode. What is the long-term technical outlook?
Risk Off Mood Gains Momentum
European stock markets traded lower Friday, with travel stocks weighing after Britain added more countries to its quarantine list while Chinese data suggested a slow economic recovery.
