Yesterday’s US stocks closed with a modest decline in all three indices, almost flat level. Overall, it is basically risk off mood, but the downside is likely to be firm.
GBP fell by more than 100 pips yesterday on the roller coaster every day on the “down” day, and the surge on the previous day was canceled. GBPUSD was temporarily sold to 1.2891. In addition to the sense of caution about UK-EU trade deal, concerns about the spread of the second wave of infection of COVID-19 is also affecting. Stricter lockdown will take place in London from midnight on the 16th. EU summit leaders urged UK to continue trade negotiations “in the coming weeks” and take the necessary steps towards an agreement, while UK gave “surprise and disappointment” to the EU summit. UK will announce the response today.
EUR continues to fall. Against the second wave of infection of COVID-19 in Europe and risk-off USD buying, it fell to 1.169 and closed US market around 1.1707. AUD dollar has fallen even deeper, dropping to 0.705 temporarily.
Yesterday’s currency strength
US market yesterday
DJIA: 28,494.2 (-19.8, -0.07%)
NASDAQ: 11,713.87 (-54.86, -0.47%)
S&P 500: 3,483.34 (-5.33, -0.15%)
GOLD: 1,910.7 (+1.8)
OIL: 40.94 (-0.02)
US 10-YR: 0.734 (UNCH)
VIX: 26.97 (+0.57)
Asian market today
Nikkei: 23,481~ (-25)
CME Dow future: 28,405~（ -89 Dow）
Economic indicators today
GMT 12:30 (US) Retail sales
GMT 14:00 (US) Michigan Consumer Sentiment