This is what you need to know to trade today Monday, November 30:
A data-packed week begins with stocks, gold and the dollar falling together as November draws to a close. New Brexit optimism is supporting the pound while oil struggles with OPEC + disagreements. Advances in vaccines and the publication of data are in the spotlight.
The oro it has been extending its downtrend after breaking below $ 1,800 last week. Cascading stops and optimism about a coronavirus vaccine appear to be pushing the precious metal lower. End-of-month flows can generate high volatility.
The dollar is on the defensive as US Treasury yields fall. EUR / USD stands out as it approaches 1.20. Inflation figures for Germany and Spain will be released during the day. Christine Lagarde, president of the European Central Bank, will speak later on Monday.
Brexi: UK Foreign Secretary Dominic Raab expressed optimism about reaching a deal, pending a compromise from Brussels on fisheries. He added that both parties have made progress on other issues such as competition and state aid. GBP / USD is rising towards 1.3350. The talks continue in London.
Vaccine: The UK regulator may approve Pfizer / BioNTech and Moderna vaccines starting this week. The US FDA can do it by the end of next week.
The cases and deaths of COVID-19 en EE.UU. They have fallen from the highs, but the data may be skewed due to the Thanksgiving holiday. Hospitalizations have reached a new record above 93,000.
Pending home sales in the United States will show strength in the housing sector. Investors are waiting for the November Non-Farm Payrolls released on Friday.
The crude petróleo WTI it has fallen below $ 45 before the OPEC + virtual meeting. At the time of writing this report, there is no agreement on further cuts, as some countries want a loosening of production restrictions.
The data of the China Manufacturing and Service PMI they beat estimates, showing strength in the world’s second-largest economy.
The cryptocurrencies They have been extending their recovery after falling late last week. Bitcoin is changing hands at around $ 18,500.
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