Trade Idea (2020-12-14) GBP selling continue

Trade Idea

Good morning.

US equities were mixed last Friday, with the Dow Jones Industrial Average at + 0.16%, the S & P 500 at -0.13% and the Nasdaq Composite at -0.23%. Talks between the ruling and opposition parties over additional economic measures continue to be difficult, with the first half starting to decline and the second half closing with bargain purchases.

In the final UK-EU trade negotiations, the possibility of withdrawal without agreement has increased, and GBP has been totally depreciated.

EURUSD H1 (Please click the chart to enlarge.)

Market Environment

Yesterday’s currency strength


currency-strength.com

US market yesterday (last Friday)

DJIA: 30,046.37 (+47.11, +0.16%)
S&P 500: 3,663.46 (-4.64, -0.13%)
NASDAQ Composite: 12,377.87 (-27.94, -0.23%)
NASDAQ 100: 12,377.87 (-27.94, -0.23%)
Russel 2000: 1,911.70 (-11.01, -0.57%)
GOLD: 1,843.5 (+6.1)
OIL: 46.56 (-0.22)
US 10-YR: 0.896 (-0.012)
VIX: 23.31 (+0.79)

Asian market today

Nikkei: 26,732 (+79)
CME Dow future: 30,192~(+82 Dow)

Economic indicators in this week

Today we have no critical indicator.