Here’s what you need to know Tuesday, December 8: Equities and currencies ended Monday’s session on a mixed bag amid new market talk of another US stimulus package and shifting headlines around the Brexit negotiations. On that side of the channel, the UK will launch its vaccination campaign today and more countries are expected to..
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Implementing vaccine, Brexit continues to rule the mood
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US dollar improves, inflation eyes
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The U.S. dollar rose again after being walloped a week earlier with permission for the U.S. election. Inflation figures will be in focus this week with key releases in the UK, euro area and Canada. Eurozone GDP jumped back in the third quarter with a gain of 12.6% after being -12.1%. The German CPI posted..
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USD / CHF drops below 0.9400 as Swiss franc strengthens
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The USD / CHF becomes negative for the week after Friday’s fall. As the Swiss franc among the best-performing countries, the EUR / CHF fell compared to the monthly highs. The USD / CHF extended the decline after the start of the US session and posted a new daily low at 0.9390. The combination of..
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EUR / USD nears multi-month highs near 1.1450
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EUR / USD is expected to post the highest weekly closing since January 2019. The US dollar index remains close to 96.00 despite disappointing data on consumer confidence. Investors remain focused on EU discussions on the budget and the stimulus fund. After surpassing 1.1400 during European trading hours, the EUR / USD pair kept its..
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GBP / USD finds support before 1.2500 mark in weaker USD
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GBP / USD witnessed sales for the second consecutive session on Friday. The decline had no obvious fundamental catalyst and remained limited. The mood for risk has undermined the safe haven dollar and extended its support. GBP / USD encountered new supply early in the North American session and refreshed daily lows around the 1.2510..
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NZD / USD clears most expected gains, trades below 0.6550
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The NZD / USD continues to fluctuate in a weekly range above 0.6500. The US dollar index remains in negative territory near 96.00 after the intermediate level data. NZD / USD remains on track to end the week little changed. NZD / USD hit a daily high of 0.65555 during trading hours in Europe, but..
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USD / JPY looking for a firm direction, stuck in a range above 107.00 mark
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The USD / JPY had no firm directional bias and remained confined to a range on Friday. A general weakness in the USD, the drop in US bond yields limited any intraday hike. Optimistic market sentiment has undermined the JPY refuge and extended its support. The USD / JPY pair oscillated between lukewarm gains /..
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USD / CAD continues to move sideways around 1.3570
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The USD / CAD is struggling to define the direction on Friday. The WTI posts modest daily losses, trading below $ 41. The US dollar index is not based on Thursday’s recovery gains. USD / CAD gained 60 pips on Thursday, boosted by the general strength of the USD and the poor performance of crude..
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AUD / USD nears 0.7000 before the US session
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AUD / USD posts modest daily gains after Thursday’s drop. The US dollar index returns to 96.00 zone before the publication of intermediate level data. The main Wall Street indices seem to be opening up in positive territory. After starting the day above 0.7000, AUD / USD lost traction in the second half of the..
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Bets for a 1.1500 test remain on the rise
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EUR / USD is traded on a firm note and resumes the area above 1.1400. A further rise could see annual highs close to 1,1500 revisited. The bulls took over at the end of the week and get up EUR / USD back to levels above 1.14, the number following Thursday’s decent retracement. If the..
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