Trade Idea (2020-12-09) GBP fluctuation continue

Trade Idea

Good morning.

Yesterday’s US stocks hit record highs on the S & P 500 and Nasdaq. The Dow Jones Industrial Average is + 0.35%, the S & P 500 is + 0.28%, and the Nasdaq Composite is + 0.5%. The market is worried about the fate of discussions on US economic measures, which are in a difficult situation, and the spread of infections at the moment, but expectations for the economic recovery next year due to the spread of vaccines are strong, and there is a bargain purchase at the lower price. Vaccination has started today in the UK.

In the foreign exchange market, GBP continues to fluctuate daily at the headline of trade negotiations between the UK and the EU, which has come to a close. EURUSD has been narrow ranged from beginning to end, ending at around 1.211, which is almost unchanged.

EURUSD H1 (Please click the chart to enlarge.)

Market Environment

Yesterday’s currency strength


currency-strength.com

US market yesterday (last Friday)

DJIA: 30,173.88 (+104.09, +0.35%)
S&P 500: 3,702.25 (+10.29, +0.28%)
NASDAQ Composite: 12,582.77 (+62.83, +0.5%)
NASDAQ 100: 12,635.72 (+39.25, +0.31%)
GOLD: 1,871.8 (-3.1)
OIL: 45.68 (+0.08)
US 10-YR: 0.931 (+0.018)
VIX: 20.68 (-0.62)

Asian market today

Nikkei: 26,728 (+260)
CME Dow future: 30,230~(+56 Dow)

Economic indicators in this week

GMT
15:00 (CA) Policy interest