GBP/USD still enjoys Brexit deal but for how long?
GBPJPY Outlook.png
GJ chart.png
GBPUSD outlook.png
GBPU Chart.png
GBP/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
ICHI GJ.png
XAU/USD: Gold is trading above the 23.6% retracement area. Bullish trend remains weak.
GOLD CHart.png
US Market View
US stocks are seen opening higher Tuesday, rebounding from the previous session’s losses with investors looking for additional fiscal stimulus amid continued political turmoil. The United States lost more than 22 000 lives to Covid-19 last week, a second straight weekly record. The overall death toll is now 375 000. The current surge, and the associated economic damage, prompted President-elect Joe Biden to promise further economic stimulus “in the trillions of dollars” late last week. More details are expected to follow in a formal announcement on Thursday, something that is supporting markets at their current elevated level.
USA Key Point
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GBPJPY Outlook.png
GJ chart.png
GBPUSD outlook.png
GBPU Chart.png
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
ICHI GJ.png
Fibonacci Levels
XAU/USD: Gold is trading above the 23.6% retracement area. Bullish trend remains weak.
GOLD CHart.png
US Market View
US stocks are seen opening higher Tuesday, rebounding from the previous session’s losses with investors looking for additional fiscal stimulus amid continued political turmoil. The United States lost more than 22 000 lives to Covid-19 last week, a second straight weekly record. The overall death toll is now 375 000. The current surge, and the associated economic damage, prompted President-elect Joe Biden to promise further economic stimulus “in the trillions of dollars” late last week. More details are expected to follow in a formal announcement on Thursday, something that is supporting markets at their current elevated level.
USA Key Point
- Gold gains 1% on the day as buyers keep a defense of key support level
- German chancellor Merkel expects lockdown to last until early April
- The GBP is the strongest and the USD is the weakest
- European equities pare gains as sentiment stays rather mixed on the session
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This post first appeared on Activity Stream - Newdigital World, please read the originial post: here
