Silver set for breakout?
If the Fed do ‚twist‘ tomorrow silver could break higher out of this trend line on the daily chart. One chart to watch over the Fed meeting for sure.
Final hurdle
Once/if the level playing field is resolved then that should seal the deal. Definite shift in sentiment over Brexit negotiations this am with more upbeat tones all round. Will it last? My view is that we will get there, but I am not buying the GBP on that view. Prudent action is to stay
GBPUSD
GBP strength helping out with some of the USD weakness. Interesting to see some strong CHF flows too. US futures up and the major European indices too as general optimism buoys risk
Germany set to move from ‚lockdown light‘ to a harder lockdown
The German virus situation looks to be taking a turn for the worse in the past week, with a record amount of daily cases reported on Friday alongside the deadliest day of the pandemic as the death count continues to rack up.
What’s the latest buzz on the Brexit front
So, Sunday is now here. However, we’re not getting anything new on the Brexit front so far; from an official capacity at least.
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