Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
USD/CHF: remains under significant selling pressure
2020-11-27 • Updated
Ichimoku Kinko Hyo
NZD/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 consolidates below 23.6% retracement level. It seems that silver will struggle further to gain.
European Market View
Asian shares stalled near record highs on Friday as investors weighed renewed doubts about a highly anticipated coronavirus vaccine against hopes that some of the region's economies will recovery quicker than their Western peers. U.S. hospitalizations for COVID-19 are at a record and experts warn that Thanksgiving gatherings could lead to further infections and deaths. More than 20 million people across England will be forced to live under the toughest restrictions even after a national lockdown ends on Dec. 2. Partial lockdowns in some European countries have also raised concern about economic growth.
Asian equity markets were mixed as trade continued to lack firm direction following the holiday closure in the US for Thanksgiving. Looking ahead highlights from macroeconomic calendar include Eurozone Consumer Confidence (Final) & Economic Sentiment, Black Friday, ECB's Schnabel and Panetta speeches.
European Key Point
- Tokyo reports a record 570 new coronavirus cases in latest update today
- ECB's Panetta supports that ecb stimulus so far has not been sufficient
- Germany sees total confirmed coronavirus cases surpass the 1 million mark
- ECB's Panetta says there should be no doubt on the Bank's inflation commitment
- China Industrial Profits for October comes at +28.2% y/y (prior +10.1%)
- The UK is moving to get Oxford-Astra COVID-19 vaccine drug approved faster
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...