EUR/USD is trying to settle above 1.2300.
GBP/USD gained strong upside momentum and is trying to settle above the nearest resistance level at 1.3625.
As of November 30th, the annual inflation rate for the year 2020 is 1.17% (CPI). And it is not likely to get a whole lot worse anytime soon.
A lack of stats from the Eurozone and an early close for the CAC40 leaves China PMI numbers and updates from Capitol Hill in focus.
USD/CAD declined below the support at 1.2775 and is trying to get below the next support level at 1.2750.
The US dollar has plummeted against the Japanese yen, and other currencies as well. It looks as if the thin volume of course is helping the situation.
If the upside momentum continues then look for a potential breakout over 1.2298. Due to the low volume, we may not see much of a follow-through move.
Economic data from the U.S, stimulus news from Capitol Hill, and the UK Parliamentary vote on Brexit will be in focus today.
What holiday-related events impact the stock market？ Consult and bookmark our stock market holidays calendar to keep track of key dates affecting shares.
Trader confidence is high on the US stimulus package, the EU-UK trade deal and the coronavirus vaccine rollout, suggesting further gains for ‘risk-on’ assets.
Boris Johnson‘s government will draft in the armed forces to help with coronavirus testing in schools, as pressure builds on the prime minister to delay students’ return after the holidays amid a surge in cases.
USD/CAD managed to settle below the 20 EMA and is trying to settle below the next support level at 1.2800.
The BOJ Summary of Opinions showed policymakers were divided on how far to go in tweaking its stimulus program.
US dollar has rallied after initially falling on Tuesday against yen. Ultimately, the ¥104 level is an area above that could offer significant selling pressure.
The trade deal that both sides of the English Channel say reflects a new era of cooperation is essentially a sideshow for the City of London, which is still awaiting its own seal of approval from the European Union.
When Prime Minister Boris Johnson advocates narrowing the gap between London and the rest of England -- what he calls “leveling up” -- this probably isnt what he has in mind.
In todays analysis I will focus on the Japanese Yen, which is part of three very interesting setups.
GBP/USD is creating an increased price volatility between 1.3205 support and 1.35 resistance zones. That said, price action remains in a solid uptrend.
The direction of the USD/JPY on Tuesday is likely to be determined by trader reaction to the pivot at 103.388.
The early price action suggests the direction of the NZD/USD on Tuesday will be determined by trader reaction to the pivot at .7087.
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