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UK approves COVID vaccine

The UK has become the first country to approve the use of a covid-19 vaccine. A stimulus bill is being discussed again in Washington DC. The S&P 500 hit a record high and the US dollar fell to fresh 2 ½ year lows while gold jumped.

US_Covid
Record US Coronavirus cases

Good Morning. It’s the last full trading week before the US election. EUR/USD is at its highest in 7 weeks. Wall Street closed lower last week while stocks in Hong Kong rose to the highest since Sept 3.

USD
Dollar drops to 2-month low

The dollar is at its lowest in 2 months after Joe Biden was projected to be new President of the United States and the October NFP report came in better than expected.

New_Project_(3)
Fed ‘dovish hold’ & EUR/USD > 1.14 - DAILY MARKET UPDATE

The US dollar fell and shares were mixed in reaction to a mostly dovish Fed meeting that lacked the big policy changes but kept up the message that stimulus is here to stay.

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Hong Kong gains & AUD/USD

Hong Kong gains & AUD/USD above 200 DMA - Daily Market Update

euroeuro
Waiting for EU Recovery Fund

The euro is stalling under 1.19 awaiting the approval of the EU recovery fund. Treasury Secretary Mnuchin is not extending Fed emergency programs. New restrictions in New York and California saw US stock markets close lower Friday.

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