Trade Idea (2020-12-04) Risk-on USD Selling continued

Trade Idea

Good morning.

Today is the last employment statistics of the year.

Yesterday’s US stocks were mixed. The Dow Jones Industrial Average had risen by more than $ 200 at one point, but was disgusted by Pfizer’s announcement that it had halved its vaccine distribution target by the end of the year, and it rapidly narrowed towards the end.

The foreign exchange market continues to dominate risk-on USD selling, with EURUSD temporarily rising to 1.217 and ending at around 1.214.

EURUSD H1 (Please click the chart to enlarge.)

Market Environment

Yesterday’s currency strength


currency-strength.com

US market yesterday (last Friday)

DJIA: 29,969.52 (+85.73, +0.29%)
NASDAQ composite: 12,377.18 (+27.82, +0.23%)
S&P 500: 3,666.72 (-2.29, -0.06%)
GOLD: 1,844.8 (+3.7)
OIL: 45.68 (+0.04)
US 10-YR: 0.911 (UNCH)
VIX: 21.28 (+0.11)

Asian market today

Nikkei: 26,690 (-118)
CME Dow future: 29,995~(+25 Dow)

Economic indicators in this week

GMT
13: 30 (US) Non-Firm Payroll, Unemployment Rate