New coronavirus strain turns markets risk off

Read the article on FBS website

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

Share with friends:

Similar

Latest news

Instant opening

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