This is what you need to know to trade today Monday, December 14:
Markets are moving higher as US stimulus talks and Brexit talks continue in anticipation of the first COVID-19 vaccines in the US.
US stimulus.: A bipartisan group of lawmakers will introduce two separate bills, one that includes liability protection for companies and the other without it, a measure designed to break up deadlocked negotiations. Gold has been unable to rise in response to the news.
Brexi: UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen agreed to extend talks beyond the deadline and “go the extra mile.” Britain has reportedly put forward a new proposal for a Level Playing Field (LFP) one of the most contentious topics. GBP / USD has risen above 1.33 in response to ongoing deliberations.
Germany has announced severe restrictions before the Christmas holidays, as its number of cases remains high. Previously, France extended its blockade nationwide. However, the EUR / USD is moving higher amid the double series of talks.
The United States begins to vaccinate its population this Monday. The White House considered vaccinating outgoing President Donald Trump and his staff in the first round and then backed down. The Electoral College is set to ratify President-elect Joe Biden’s victory for the day, following the Supreme Court’s rejection on Friday of another Trump attempt to overturn the election.
He AUD/USD it was temporarily affected by a drop in iron ore prices following comments from the China Iron and Steel Association that the metal price “has deviated from fundamentals.”
The cryptocurrencies are consolidating new gains, with Bitcoin changing hands above $ 19,000.
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