Trade Idea (2020-11-18) Risk-on paused

Trade Idea

Good morning.

Yesterday’s US stocks fell back, and the DJIA fell by more than $ 400 temporally, but there was also a reluctance to decline after the sell-off cycle. The risk-on atmosphere of the day before due to vaccine expectations has paused, and there are concerns about the spread of infection at the moment. US retail sales announced today were also lower than expected.

In the foreign exchange market, USDJPY fell to the low 104 level as USD selling trend continued. Although the vaccine is good news, it will take some time to spread, expectations for the FRB’s low interest rates will continue, and USD will remain easy to sell. EURUSD temporarily rose to 1.189, ending near 1.186. GBP has been a buying advantage from beginning to end, ending around 1.325.

EURUSD H1 (Please click the chart to enlarge.)

Market Environment

Yesterday’s currency strength

US market yesterday

DJIA: 29,783.35 (-167.09, -0.56%)
NASDAQ: 11,899.34 (-24.79, -0.21%)
S&P 500: 3,609.53 (-17.38, -0.48%)
GOLD: 1,881.3 (-3.8 -0.202)
OIL: 41.29 (-0.14)
US 10-YR: 0.857 (-0.015)
VIX: 22.71 (+0.26)

Asian market today

Nikkei: 25,801~ (-213)
CME Dow future: 29,754~(-29 Dow)

Economic indicators in this week

GMT 13:30(US)Housing start