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EURUSD retakes 1.10 ahead of ECB

Oil and gold prices dropped back while stocks saw a short-covering rally and the euro gained ground on talk of a new joint European debt issuance and ahead of Thursday’s ECB meeting.

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.

Crude oil breaches $110

On Wednesday morning, global benchmark Brent crude blew past $110 per barrel, rising more than 5.8% to $111.09, its highest since early July 2014.

EUR/USD at 1.21 as busy week begins

The Euro was the top gainer last week while the dollar languished, the S&P 500 reached a new record intraday high on Friday and Bitcoin fell under $50,000. Today US Durable Goods data is reported.

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.

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.