Another bullish day is set for tomorrows session as we close above 1.1850 and fulfil more upside targets...
The dollar downside continued with DXY giving up the 93 handle south, and extending to lows sub 92.50 in what was a choppy day for risk amid the stimulus saga where House Speaker Pelosi continues to sound optimistic, although did allude to a deal happening post-election. Fed speak was also in line with recent communications ahead of the upcoming blackout period.
EUR extended on gains past 1.18 after breaching the level yesterday to highs of 1.1880. Participants are looking out for any verbal intervention from ECB members on the FX rate if the appreciation continues. JPY set fresh October highs through 104.50 and not that far from last month’s apex at the psychological 104.00 level. XAU continued to see upside above 1900/oz, largely taking its cues from the falling greenback. Note, some reports suggest that with TRY near record lows it has pushed demand for gold, as it is a traditional means of savings for Turkish households.
Prior EURO chart:
Please feel free to get involved and drop any comments/likes and we will respond to all. Hope you are having an amazing trading week! Tune back in again tomorrow for more!
The dollar downside continued with DXY giving up the 93 handle south, and extending to lows sub 92.50 in what was a choppy day for risk amid the stimulus saga where House Speaker Pelosi continues to sound optimistic, although did allude to a deal happening post-election. Fed speak was also in line with recent communications ahead of the upcoming blackout period.
EUR extended on gains past 1.18 after breaching the level yesterday to highs of 1.1880. Participants are looking out for any verbal intervention from ECB members on the FX rate if the appreciation continues. JPY set fresh October highs through 104.50 and not that far from last month’s apex at the psychological 104.00 level. XAU continued to see upside above 1900/oz, largely taking its cues from the falling greenback. Note, some reports suggest that with TRY near record lows it has pushed demand for gold, as it is a traditional means of savings for Turkish households.
Prior EURO chart:
Please feel free to get involved and drop any comments/likes and we will respond to all. Hope you are having an amazing trading week! Tune back in again tomorrow for more!