Trade Idea (2020-12-24) UK-EU deal will be agreed today?

Trade Idea

Good morning.

Yesterday’s US stock market was mixed with liquidity declining. The Dow Jones Industrial Average is + 0.38%, the S & P 500 is + 0.07%, and the Nasdaq Composite is -0.29%. It has been reported that the UK-EU trade negotiations, which had been difficult due to the final stage, may be agreed by the end of today. President Trump has complained about the additional economic measures passed by the US Congress and demanded an increase in direct benefits, but he did not mention the veto exercise, and the market seems to be taking it calmly.

EURUSD has been trading in a narrow range of 1.216 to 1.222. GBPUSD, which is likely to reach an agreement in the final stage of trade negotiations with the EU, temporarily rose to 1.357 and ended at 1.351 units.

The long-term interest rate rose to 0.945%, and the VIX index was 23 units, almost unchanged.
Bitcoin has fallen slightly, remaining at 23,300.

EURUSD H1 (Please click the chart to enlarge.)

Market Environment

Yesterday’s currency strength

US market yesterday (last Friday)

DJI: 30,129.83 (+114.32,+0.38%)
S&P500: 3,690.01 (+2.75,+0.07%)
Nasdaq Composite: 12,771.11 (-36.80, -0.29%)
Nasdaq100: 12,653.14 (-64.43, -0.51%)
Russel2000: 2,007.10 (+17.22, +0.87%)
Gold Future: 1,877.30 (+7.00)
Oil Future: 48.06 (+1.04)
US10Y: 0.945% (+0.027)
VIX: 23.31 (-0.92)
BTC/USD 23,313.5801 (-507.90)

Asian market today

Nikkei: 26,633 (+108)
CME Dow future: 30,089~(-30 Dow)

Economic indicators in this week

We have no important indicator today.