Investors continue to assess the vaccine rollout versus fears over a new virus variant. US stocks and oil slipped as Donald Trump threatened not to sign a long-awaited stimulus bill into law.
Forex TV
The GBP doesn't know where to go while the Brexit negotiators are trying their last chances, gold is at $1 900
The review of the last week of the year by FBS
The USD dollar is regaining ground versus the EUR, the GBP, the JPY, and the AUD. Watch the video to learn what is moving the Forex market today!
The markets are taking a breath after the eventful Wednesday and Thursday
As the middle of the week is passed, the market is mostly bullish, with many currency pairs beating strategic high and lows - a paradise for traders!
The gold, oil prices and the pound are at local highs; apart from that, seems to be a pretty regular day in the Forex market. Perfect for trading!
There are reasons for traders to be optimistic and sell the USD versus the riskier currencies. However, the advance of EUR/USD, GBP/USD, and AUD/USD became extensive and a correction may happen.
With Brexit being the last-minute breakthrough - or a failure - possibility, let's review the layout for the GBP against the EUR and the USD. We will review oil, gold, and other Forex assets too - and don't forget the US and the UK interest rates this week!
Vaccine news, Brexit developments, and hopes for the US stimulus package are the main market drivers! How to start the week?
The euro has been volatile after the meeting of the European Central Bank. At the same time, the GBP keeps going wild amid Brexit uncertainties. Watch more!
In a nutshell: no Brexit deal reached so far, the GBP is fluctuating.