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.
Tag - aud - australian dollar
August 20: consolidation
The consolidation that started on Wednesday is continuing so most currency pairs with the USD are going flat.
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.
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
Weekly Market Outlook: August 17 - August 21
In this video we will discuss what will drive the market this week. We will discuss main economic releases and analyze USD/JPY, AUD/USD, EUR/USD and oil. Jump in!
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.
AUD jumped after job data
AUD approaches the strong resistance at 0.7185. What may happen next?
August 13: risk-on is back
The market sentiment switched to risk-on. The US dollar is dipping down, while riskier assets are rising, especially the Australian dollar after the positive employment data. All eyes on US unemployment claims.
COVID VACCINE KEEPS TRADERS OPTIMISTIC
Futures tracking the S&P 500 index hit a record high on Tuesday as investors shrugged off simmering US-China tensions to bet on a stimulus-led economic recovery from the COVID-19 pandemic.
