Boris Johnson is holding emergency talks to avert Christmas food shortages after France banned freight and travel from the UK.
Tag - metal
US stocks are set to open mixed, ahead of the ‘quadruple witching’ today as December options contracts on stocks, indices, and other products all expire.
Asian equity markets follow suit to the mixed performance in the US where sentiment was pressured and DJIA pulled back from record highs amid lockdown concerns.
UK PM Johnson: It is looking very, very likely we will have a no-deal Brexit
Further bearish pressure will lead AUD/JPY to retest the previous lows of 77.00.
The progress on the COVID-19 vaccines and hopes of a swift economic rebound next year added to the optimistic sentiment in the market.
The US dollar stayed under pressure as riskier currencies benefited from the increased optimism.
Here's the technical analysis of USD/JPY, AUD/JPY, NZD/JPY, and silver!
Stocks, oil, and risk currencies gained on Tuesday as the formal go-ahead for US President-elect Joe Biden to begin his transition burnished a November already boosted by Covid-19 vaccines.
The vaccine news helped the risk-friendly Australian dollar, which climbed to a one-week high against its US counterpart.
Asian equity markets traded mostly lower as sentiment gradually deteriorated from the mixed performance stateside.
EUR/USD is trading below 1.1750. Any further downside pressure will push prices down to 1.1730 and even lower to 1.1700.