Appetite for risk returns slowly but steadily – FBS

Ichimoku Kinko Hyo

EUR/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.

Fibonacci Levels

XAG/USD: Silver after still is struggling to move above 23.6% retracement area.

US Market View

The U.S. Congress passed the $900 billion coronavirus relief bill, sending it to President Donald Trump for its signature into law. In addition, the Senate also passed a $1.4 trillion spending bill that will keep the government funded through September.

More Forex Analysis

U.S. stock markets are set to open mixed after a surprisingly resilient performance on Monday, when the sight of the country’s banks gearing up to resume stock buybacks calmed fears about a fresh surge in the pandemic from the new strain of Covid-19 virus detected in Europe and Africa.

Crude oil prices edged down again in quieter trade overnight, after a bruising drop on Monday in response to fears that the discovery of a new strain of Covid-19 virus could lead to wider and longer lockdowns in the new year.

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