ECB Monetary Policy Time

eurgbp 30 min.png

Ichimoku Kinko Hyo

EUR/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.

EURJPYM30 ich.png

Fibonacci Levels

XAU/USD: Gold stands above 38.2% retracement area. A dovish ECB later today can help gold bulls.

XAUUSDM30 fib.png

EU Market View

Asia-Pacific bourses were mostly positive after taking advantage of the constructive handover from the US where Nasdaq rebounded . Saudi Arabia reportedly plans to keep oil production steady despite a recent slump in prices. Looking ahead, highlights from macroeconomic calendar include Norwegian and Swedish CPI, ECB policy announcement, US weekly jobs, US PPI, ECB's Lagarde press conference.

EU Key Point

Irish PM Martin supports that UK needs to restore trust and give meaningful reassurance to EU negotiators
Tokyo lowers virus alert in the city by one level

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