Better News in Covid-19 Vaccine Move Markets

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Ichimoku Kinko Hyo

USD/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.

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Fibonacci Levels

XAG/USD: Silver stands below the 23.6% retracement area. Silver buyers gains strength patiently.

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US Market View

U.S. stocks are set to open markedly higher on reassurances from the pharma sector about progress in the hunt for a vaccine to fight the Covid-19 virus. Crude oil prices drifted lower amid ongoing concerns about the supply-demand balance falling further out of kilter due to the slow recovery in parts of the global economy.

US Key Point

EU set to delay UK access decision for euro
ECB's Makhlouf believes that soft demand will lead to a fall in prices
The GBPUSD is the strongest and the AUD is the weakest as NA trader enter for the day
OPEC sees 2020 World oil demand falling

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eur

gbp

jpy - japanese yen

aud - australian dollar

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