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Original Caption: FX168 Financial Newspaper Market Opened Early Self-Study: The Electoral College Of The United States Elected President Today And White House Officials Will Be First To Receive The New Crown Vaccine
FX168 Financial News (Hong Kong) reported that GBP / USD rose more than 100 points at the opening of the Asian market on Monday, breaking the 1.3300 mark. Over the weekend, Britain and the European Union agreed to continue negotiations on a Brexit deal.
The closing of the main currencies and commodities on December 11:
Exchange rate: EUR / USD closed at 1.2113; GBP / USD closed at 1.3223; AUD / USD closed at 0.7533; USD / JPY closed at 103.99; USD / CAD closed at 1.2769; USD / CHF closed at 0.8901.
Commodities: spot gold closed at US $ 1,839.53 an ounce; Comex gold futures closed at $ 1.84.60 an ounce; cash silver closed at US $ 23.94 an ounce; Comex silver futures closed at $ 24,092 an ounce; Brent crude closed at US $ 49.97 per barrel; NYMEX crude closed at US $ 49.97 an ounce, US $ 46.57 per barrel.
Important news review:
1. On December 13 local time, the President of the United States, Trump, hinted in an interview with Fox News that even if the Electoral College votes in most state assemblies on December 14, it will continue to question and challenge the President 2020. The result of the general elections.
2. Recently, in response to the EU statement on “Chinese Bloomberg Employees Arrested”, the Chinese side responded: The handling by the relevant Chinese authorities in accordance with the law is entirely China’s internal affairs, and no other country or organization has the right to interfere.
3. In his keynote address at the Climate Ambition Summit on December 12, UN Secretary General Guterres stated that world leaders should declare a “climate emergency” in their own countries to stimulate action to prevent change. catastrophic global events. to warm.
4. On December 13 local time, German Chancellor Angela Merkel announced that Germany will begin to tighten restrictions on public life on a large scale from December 16 and implement a “hard blockade order” until December 10. January 2021.
5. According to a report in the Taiwanese media “Liberty Times” on December 12, PLA military aircraft have recently “harassed” the airspace adjacent to Taiwan. After entering at 10 a.m.
6. According to various reports in the US media on December 13 local time, White House officials and people familiar with the matter revealed that senior White House officials will receive part of the first batch of new vaccines against the coronavirus in the United States, before the general public.
Summary of important economic data as of December 11:
The November US PPI monthly rate announced on Friday was 0.1%, the lowest since June.
Market Hot Spot Tracking:
The UK and the European Union experienced another moment of life and death this past weekend, but in the end there was no breakthrough or collapse. As negotiations on the trade deal continued, both sides said they had a responsibility to work harder and agreed to extend the negotiations, but neither side set a new deadline for the negotiations. This news brought early momentum to the pound and the market needs more good news to provide support, but we can expect the market to continue to remove the noise.
The latest Brexit news! Britain and the EU agree to extend trade talks to provide early support for the pound to reverse the downtrend.
Forex market
Euro: The euro / dollar was lower and closed at 1.2113, down 0.18% and down 0.07% this week. Technically, initial resistance for the bullish exchange rate is at 1.2177, additional resistance is at 1.2200, and key resistance is at 1.2310; Initial support for the bearish exchange rate is at 1.2100, additional support is at 1.2055 and the most critical support is at 1.2010.
GBP: GBP / USD fell for the second day in a row, closing at 1.3223, a decrease of 0.52% and a decrease of 1.64% this week. Technically, initial resistance for the bullish exchange rate is at 1.3310, additional resistance is at 1.3480, and key resistance is at 1.3540; Initial support for the bearish exchange rate is at 1.3100, additional support is at 1.3000 and the most critical support is at 1.2850.
Japanese Yen: The dollar / yen fell for the first time in four days, closing at 103.99, a decrease of 0.23% and a decrease of 0.12% this week. Technically, initial resistance for the bullish exchange rate is at 104.25, additional resistance is at 104.60, and key resistance is at 105.00; Initial support for the bearish exchange rate is at 103.70, further support is at 103.30 and the most critical support is at 103.00.
stock Exchange
Negotiations on the new rescue plan in the United States stalled. The US stock market closed mixed on Friday, December 11. The Nasdaq Composite Index fell 1% after entering the midrange, and the Dow Jones Industrial Average lost more than 100 points. At the close, the Dow Jones closed up 47.10 points, or 0.16%, at 30,046.37 points; the S&P 500 closed 4.60 points, or 0.13%, at 3,663.46 points; the Nasdaq closed 27.90 points, or 0.23%, at 12,377.87 points. The Dow index and the S&P 500 posted weekly declines for the first time in three weeks, 0.6% and 1% respectively, while the Nasdaq fell 0.7% this week.
European stocks closed across the board on Friday (December 11) due to stagnation in the US fiscal stimulus negotiations and the fast-approaching deadline for Brexit negotiations. The pan-European Stoxx 600 index closed 3.03 points, or 0.77%, lower at 390.12 points. Among them, the telecommunications sector led the decline, a 2.9% drop; the German DAX30 index closed at 181.43 points, or 1.36%, to 13,114.30 points; the British FTSE 100 index closed with 53.01 points, or 0.80%, to 6546.75 points; the French CAC40 index closed with 42.10 points. The European Stoxx 50 Index closed down 35.16 points, or 1.00%, at 3,487.15 points; the IBEX35 index for Spain closed with 117.80 points, or 1.44%, at 8,064.50 points; Italy’s FTSE MIB index closed down 213.35 points, or 0.97%, to 21,702.16 points.
Commodities market
At the close of the US market, spot gold closed at US $ 1,839.53 per ounce, an increase of US $ 3.11 or 0.17%, the highest intraday reached US $ 1,847.65 per ounce and the lower at $ 1,825.71 an ounce. This week, spot gold was up $ 0.86, or 0.05%.
February COMEX gold futures closed 0.3% higher at $ 1.84.60 an ounce, a cumulative gain of 0.2% this week.
As concerns mount over Britain’s no-deal Brexit, and countries like Germany may further strengthen social isolation measures this weekend, the two major crude oil futures were unable to continue trading day gains. earlier on Friday (December 10). At press time, January US WTI crude oil futures closed 21 cents, or 0.45%, at $ 46.57 a barrel; February Brent crude oil futures closed 28 cents, or 0.56%, down at $ 49.97 a barrel. However, as the launch of the new crown vaccine reappeared on the crude oil demand side, US Oil still closed up 0.67% this week, which is the sixth consecutive week of gains, and the distribution of oil closed with an increase of 1.46%.
Focus on Monday (December 14):
12:30 Japanese Industrial Production for October (Annual Rate)
18:00 Industrial exit from the eurozone in October (annual rate)
The US Electoral College meets to vote for the next US President and Vice President.
To be determined, OPEC publishes a monthly report of the crude oil market
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