The pound has regained its lost position after the UK and the EU announced the resumption of negotiations on a trade agreement, which keeps hopes up for a "last-minute" deal. Those familiar with this issue declare a desire to look for common ground in those options that were previously discarded.
Investors in the stock market are optimistic about the arrival of the first doses of the vaccine. The first deliveries of Pfizer-BioNTech vaccines are scheduled for Monday. Meanwhile, the US government is preparing to submit a $908 billion pandemic baking bill, although there is no guarantee that Congress will approve it. Against this background, the dollar index and gold are under pressure. The stock market went up.
The euro continues to hold near its annual highs, supported by the Brexit negotiations and the dollar decline. But the pressure from the bulls could ease with the introduction of new restrictions this week. On Wednesday, a new stage of closing some non-food stores will begin in Germany, employers will ask employees to work remotely.
There is optimism in the credit market. The yields of the bonds – the British Gilts, German Bonds, and American Treasury – went up.
Major stock indices are trading in the positive zone:
S&P 500 (F) 3.675.38 +21.88 +0.60%
Dow Jones 30.046.37 +47.11 +0.16%
DAX 13.240.05 +125.75 +0.96%
FTSE 100 6.569.35 +22.60 +0.35%
USD Index 90.493 -0.431 -0.47%
- There are no important events today.
by 2020.12.14, We advise you to get acquainted with the daily forecasts for the major currency pairs.
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.Open Account