Market is very optimistic with UK Economy, and this is one of the reasons why we're seeing a solid bullish move for GBP. Right now, we should wait for the US Dollar. A lot of things to consider with the US as of this moment, but the bias to the medium term is still bearish. On a technical perspective, price is reacting within 1.3870 - 1.3850 area after reaching...
After the break at 45, price is holding above that area. Valuations are good as of this moment, and the US Stimulus will further increase the upside momentum of US Stocks.
1. The Risk On Scenario will help strengthen the Australian Dollar. 2. A weaker USD is the market's consensus for next year.
With the current risk-on sentiment (Vaccine Hopes), we're looking to buy Oil. Demand will increase soon once vaccine candidates become approved. CAVEAT