EUR/USD Trades at One-Month high as Dollar Keeps Weaker
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.
Fibonacci Levels
XAU/USD: Gold consolidates above 61.8% retracement area. The upcoming possibility of 2 trillion stimulus should help gold to move higher.
EU Market View
European stock markets are seen opening higher Wednesday, helped by increased confidence for a new U.S. stimulus package to boost the world’s largest economy. The White House and Democrats in the U.S. Congress moved closer to agreement on a new coronavirus relief package on Tuesday as President Donald Trump said he was willing to accept a large aid bill, in an attempt to get a deal done before the Nov. 3 election. Looking ahead, highlights from macroeconomic calendar include UK and Canadian Inflation, ECB's Lagarde, Lane and de Guindos, BoE's Ramsden and Fed's Mester.
EU Key Point
- UK PM Johnson To Make Statement on Local Covid-19 Measures
- Early optimism over fate of stimulus deal fades towards markets’ close.