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Euro reprieve before ECB meeting

The euro bounced and the dollar dropped, which helped ease the Brexit woes hurting the pound. Tech stocks rebounded from their steep selloff helping global markets recover despite some disappointing vaccine news. Today it’s the ECB meeting.

Tech stocks worst week since March

We start a new week following the biggest drop in US technology stocks since March but with some better coronavirus vaccine news, an important Brexit debate in the UK parliament and amid a possible collapse in TikTok sale talks.

EU-US Trade War Risk is Back

A sense of panic has returned to markets as trading begins on Thursday. Wall Street sold off heavily on Wednesday and the US dollar has picked up off its lows amid rising coronavirus cases and new US tariff threats against the EU.

EUR/GBP cup & handle

The British pound has accelerated lower on Brexit concerns while the euro has found renewed strength after a hawkish ECB meeting. Big tech stocks were struggling again and Indonesian markets were rattled by capital Jakarta entering partial lockdown.

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