This is what you need to know to trade today Friday, November 27:
Markets are slowly rising and the dollar is lagging as some American traders are poised to return from the Thanksgiving holiday. Optimism about a vaccine and the US transition is outweighing the grim reality of the virus and the uncertainty of Brexit.
President Donald Trump He said he will leave the White House if President-elect Joe Biden wins the Electoral College. His comments at a press conference bring additional relief to markets, despite repeated unsubstantiated allegations of fraud.
The cases of coronavirus in the US They continue to increase at a rapid rate, as many citizens traveled on vacation. Hospitalizations reached a new record above 90,000.
Vaccine: Doubts about the AstraZeneca / University of Oxford immunization scheme have become more prominent. The most effective dosing regimen was not tested in people over 55 years of age. However, the British authorities intend to go ahead with the approval of the vaccine. Additional information is expected. The US regulator is also examining several vaccines for approval.
The EUR/USD It is rising little by little, ignoring the failure of Germany to change the course of COVID-19, which is hitting a million cases and evolves in a way contrary to other countries of the old continent. The blockade has been extended until December 20. Fabio Panetta, a member of the European Central Bank, said the stimulus has been insufficient. The ECB is set to expand its bond buying scheme next month.
Brexi: EU chief negotiator Michel Barnier is traveling to London for further talks. While the trip is a positive sign, disagreements persist over fisheries and governance. Recent information suggests that the talks are “completely deadlocked” and there are likely to be more headlines during the day. GBP / USD is trading below 1.34.
The China’s industrial benefits they increased 28.2% in October, a jump compared to 10.1% in September. Figures from the world’s second-largest economy are also supporting the markets.
The oro it is declining, but remains above $ 1,800. WTI crude oil is around $ 45.
The cryptocurrencies are rebounding after a sharp downward correction, with Bitcoin trading above $ 17,000 once again.
The US markets They will close at 18:00 GMT, three hours earlier than usual the day after Thanksgiving, on so-called Black Friday.
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