New coronavirus strain turns markets risk off

New coronavirus strain turns markets risk off

2020-12-21 • Updated

2020_12_21_09_59_51_Template1_PowerPoint.png

AUDJPYM30.png

2020_12_21_10_16_19_Template1_PowerPoint.png

EURJPYM30.png

Ichimoku Kinko Hyo

AUD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.

AUDJPYM30ich.png

Fibonacci Levels

XAG/USD: Silver after a remarkable selloff over the last months is trading near the highs of the year.

XAGUSDDaily.png

EU Market View

Asia-Pacific equities traded mostly lower following a similar downbeat lead from Wall St; Mainland China outperformed.

Boris Johnson is holding emergency talks to avert Christmas food shortages after France banned freight and travel from the UK. The prime minister is chairing a crisis Cobra meeting of senior ministers and officials amid fears in Whitehall that some imported foodstuffs could run out in as little as two weeks. Johnson was forced into action after France and several other European countries responded to his Tier 4 COVID lockdown in southeast England by announcing a two-day travel ban from the UK. Germany, Italy, the Netherlands, Belgium, Austria, Ireland, and Bulgaria have all announced restrictions on UK travel after the PM revealed that a highly infectious new coronavirus strain has gripped the region.

US congressional leaders reached an agreement on Sunday on a $900 billion package to provide the first new aid in months to an economy and individuals battered by the surging coronavirus pandemic, with votes likely on Monday. The package would be the second-largest economic stimulus in US history, following a $2.3 trillion aid bill passed in March. It comes as the pandemic accelerates, infecting more than 214 000 people in the country each day. More than 317 000 Americans have already died.

EU Key Point

  • Hong Kong to ban UK flights starting from Tuesday, 22 December 2020
  • Trump signs temporary spending bill into law to avoid US government shutdown
  • USD extends its broad-based gains still further
  • GBP is extending its earlier drop, under 1.3380

TRADE NOW

Similar

Gold Trade Update
Gold Trade Update

Daily Chart 4H Chart Gold began the week higher breaking multiple resistance areas, including 1780 followed by 1800 and closed yesterday's trading above 1800 for the first time since the flash crash that happened few weeks ago…

Gold Holding Well Above 1775
Gold Holding Well Above 1775

Gold Daily Chart Throughout last week’s trading, gold traded within a tight range, but it also managed to hold well above its 1775 support area until the end of the week, while the technical indicators has improved over the past few days, including…

Latest news

WTI and Brent React To a Key Pivot
WTI and Brent React To a Key Pivot

Brent oil is currently on a bullish trend, facing resistance near $84 and supported by the 200-day EMA. Breaking above this level could lead to a climb towards $90. Short-term support is observed around $80, backed by the 50-day EMA. As summer approaches and travel increases, crude oil tends to benefit from seasonal patterns. Despite temporary setbacks, buying...

XAUUSD: Will Gold Continue to Rally?
XAUUSD: Will Gold Continue to Rally?

Last week I gave a trade idea on XAUUSD with a target around the $2,020 price line. At the time of writing, XAUUSD already exceeded the target and I’m sure that would leave a lot of people wondering what to expect next. Below, I have presented my view of how I expect the price action to turn out in the meantime.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera