- USD/JPY bears taking the reins as the dollar slides.
- The clock is ticking, US stimulus talks will continue later today.
The US stimulus saga continues and it is up in the air just as it ever was.
The US House Speaker Pelosi said she’s optimistic a deal could be reached, but there is no realisation of such sentiment. The clock is ticking, yet talks will continue later today.
Senate Majority Leader McConnell said if a comprehensive stimulus package comes to the Senate that has been passed by the House and is backed by President Trump, “we would consider it”.
Meanwhile, the Republican Senator Thune said that “it would be hard” to find enough GOP members to back a $1.8 trillion stimulus and an after the bell comments from the White House chief of staff Mike Meadows said the sides still had a way to go.
US 2-year Treasury yields remained around 0.15%, while the 10-year yield rose from 0.76% to 0.79%.
Meanwhile, global COVID-19 case numbers have now topped 40 million which is keeping risk appetite at bay.
''The recent resurgence putting pressure on European policymakers to intensify restrictions, and in the US ensuring that COVID-19 remains front and centre as the election approaches,'' analysts at ANZ Bank explained.
''Large swathes of the UK are now under the most severe Tier 3 rules, feeding expectations of additional monetary policy easing.''
|Today last price||105.38|
|Today Daily Change||-0.12|
|Today Daily Change %||-0.11|
|Today daily open||105.5|
|Previous Daily High||105.75|
|Previous Daily Low||105.35|
|Previous Weekly High||105.8|
|Previous Weekly Low||105.04|
|Previous Monthly High||106.55|
|Previous Monthly Low||104|
|Daily Fibonacci 38.2%||105.6|
|Daily Fibonacci 61.8%||105.5|
|Daily Pivot Point S1||105.31|
|Daily Pivot Point S2||105.13|
|Daily Pivot Point S3||104.91|
|Daily Pivot Point R1||105.71|
|Daily Pivot Point R2||105.93|
|Daily Pivot Point R3||106.11|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.