This is what you need to know to trade today Friday, December 4:
Markets are mixed as the dollar recovers from Thursday lows as investors await the all-important NFP non-farm payroll report. The acrimony of Brexit weighs on the pound. Oil and the Canadian dollar are strengthening after an OPEC + deal and before Canada’s jobs report.
The dollar has stabilized after suffering a fall on Thursday. One of the reasons for the return of the dollar and the cooling of the markets has been a drop in the chances of a stimulus package. Senate Majority Leader Mitch McConnell said he still prefers a small relief deal over a large one, close to a trillion dollars.
It is expected that the US NFP Nonfarm Payroll Report | for November shows an increase of 469,000 new jobs, compared to the 638,000 in October. The unemployment rate is projected to decline from 6.9% to 6.8%. Investors want to see if the recovery is still underway or if the second wave of the virus has hurt job growth.
See: NFP Non-Farm Payrolls Preview: Another Dollar Disappointment
Daily COVID-19 Infections in the US they hit a new record above 210,000, hospitalizations remain above 100,000 and mortality is approaching the spring peak. In the Old Continent, Italy extended its restrictions nationwide until January.
Vaccine 1: Dr Anthony Facui, a senior US epidemiologist, cast doubt on the rapid UK approval of the Pfizer / BioNTech vaccine, but then backtracked on his words.
Vaccine 2: Pfizer announced that it cannot meet its goal of delivering 100 million doses of its COVID-19 immunization, but rather 50 million, due to supply chain problems. The pharmaceutical company still intends to provide 1 billion doses in 2021.
Brexi; UK officials said prospects for a deal have receded after the EU tightened its position in response to new demands from France. After intense talks in London, EU chief negotiator Michel Barnier will return to Brussels for quick consultations. GBP / USD retreats from the highs near 1.35.
The crude petróleo WTI It has risen above $ 46 after OPEC + members agreed to extend production cuts until 2021 after long days of talks. Gold is holding onto gains and is trading around $ 1,840.
As in the United States, it is also anticipated that Canada Records Fewer Jobs Added in November. The unemployment rate is expected to remain at 8.9%.
See: Canada Jobs Report Preview: Why Expectations May Be Too High and CAD Could Suffer
The cryptocurrencies They have stabilized in high ground, with Bitcoin around $ 19,300.
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