Decision analysis: China and the US send two big messages! Novel Coronavirus variant with enhanced transmissive power! Biden to be vaccinated against COVID-19!

Local time on Monday (Dec. 21), who hold COVID – 19 routine conference, the who health emergency project technical director maria von hoff said, at present, the national has a virus sequencing, looking for infection of the UK will be found coronavirus variant of cases, some countries in such cases, including Australia, Iceland, Italy, the Netherlands and Denmark.

Van Kohof said that novel Coronavirus variant is being studied in the UK to explore its effects on transmission, pathogenicity and antibody response.

At present, data reported in the UK show that the novel Coronavirus variant has an enhanced transmissibility and the transmission index has increased from 1.1 to 1.5. In the UK, it is being determined how much of the influence comes from the irus variant itself and the individual behavioral differences after infection with this variant.

On Monday, Biden publicly administered the COVID-19 vaccine at a Hospital in Delaware, hoping to prove to the public that the vaccine is safe. Biden thanked those involved in the development and distribution of the vaccine, as well as frontline health care workers.

“I’m doing this to make the case that people should be prepared to get a vaccine when it’s available,” Biden said. There’s nothing to worry about. I’m looking forward to the second shot, and so is Jill.” He added that the vaccine is still in its infancy.

On the U.S. / China front, the Trump administration on Monday released a list of Chinese and Russian companies that it said had links to the U.S. military, limiting their purchases of a range of American goods and technology.

Officials said the final list did not include Commercial Aircraft Corp of China LTD. (COMAC), the Hong Kong unit of Arrow Electronics Of Colorado, or Texan TTI Inc. (TTI), an Electronics distributor for Berkshire Hathaway. Hong Kong subsidiary. The companies are on a draft list seen by Reuters.

The final list included 103 entities, 14 fewer than the draft list published by Reuters in November. An official said 58 Chinese entities were designated, down from 89 previously disclosed. Forty-five were linked to Russia, up from 28.

The move establishes a new process “to help exporters screen their customers for military end-users,” said Commerce Secretary Wilbur Ross.

Separately, Secretary of State Mike Pompeo said in a statement On Monday that the United States had imposed additional visa restrictions on Chinese officials believed to be involved in human rights abuses.

Secretary of State Mike Pompeo said in a statement that the restrictions affect officials who are believed to be responsible for or complicit in the suppression of religious practitioners, minority groups, dissidents and others.

“China’s authoritarian rulers have imposed strict restrictions on the Chinese people’s freedom of speech, religion, association and the right to peaceful assembly. The United States has made it clear that perpetrators of human rights violations like this are not welcome in our country.” “Pompeo said.

The DOLLAR rose against most currencies Monday as a novel Coronavirus new strain of avirus from Britain quickly spread, prompting investors to seek safety in the greenback.

The dollar index.DXY hit a 10-day high earlier in the session, but later retreated. Analysts say the market is typically volatile at this time of year, when trading volume is light.

In late U.S. trading, the dollar index.DXY edged up 0.19 percent to close at 90.10, having hit an intraday high of 91.02 and a low of 90.02. The dollar index fell 1.11 per cent last week. The index hit its lowest level in more than two years on Thursday at 89.723.

Zach Pandl, co-head of global fx and emerging markets strategy at Goldman Sachs, cut his forecast for the trade-weighted dollar in a Dec. 18 report, predicting a further 9 percent decline over the next 12 months. Pandl, points out that the bank $bearish views are the main risk of the fed earlier than expected to hawks, but he wrote: “the recent federal open market committee meeting is to confirm that the first meeting since the vaccine is effective, which made us believe that, due to structural inflation trends is abate, the fed from tightening policy still has a long way to go”. According to a report released on November 13th, Pandl had previously forecast a 6 per cent fall in the broad trade-weighted DOLLAR index in 2021. He said the reasons for expecting further depreciation included “the overvaluation of the dollar after a long period of outperformance in US asset markets, the disfavour of carry trades following fed rate cuts, the Fed’s new average inflation target framework and the global economic recovery.

Cicc’s latest research report pointed out that the winter of the DOLLAR is not over yet, and the dollar is expected to weaken in the short term. In the first quarter, the dollar is expected to depreciate by a further 3% or so, but at a slower pace, against the backdrop of a moderate narrowing of real US/European spreads, mainly due to a widening in inflation expectations, a falling safety premium and low volatility in term premiums.

The S&P 500 fell slightly Monday to kick off the holiday week as enthusiasm for a novel Coronavirus stimulus was overshadowed by concerns about a mutant novel Coronavirus emerging in the UK.

The STANDARD & Poor’s 500 index fell 0.4 percent, or 14.49 points, to 3,694.92, after falling nearly 2 percent at one point. The Nasdaq Composite index fell 0.1 percent, or 13.12 points, to 12742.52. The Dow Jones Industrial Average erased 400 points of losses to gain slightly, with strength in Nike and banks supporting the blue-chip benchmark. The Dow closed up 37.40 points, or 0.1%, at 30216.45.

“Novel Coronavirus mutation is a reality,” said Chris Larkin, managing director, E-Trade trading and investment products. “At least there is some disappointment with the content of the stimulus agreement, which means we may see this translate into volatility as we approach the end of 2020.”

Trend analysis of major currencies:

Euro: The euro fell against the dollar for a second day, closing down 0.16 percent at 1.2237. On the technical front, the initial resistance to the upward movement of the exchange rate is at 1.2283, further resistance is at 1.2330, and key resistance is at 1.2407. Initial support for the lower exchange rate is at 1.2160, further support at 1.2083, and more critical support at 1.2036.

Sterling: Fell for a second day against the DOLLAR, closing down 0.42% at 1.3467. On the technical front, the initial resistance is at 1.3579, the further resistance is at 1.3695 and the key resistance is at 1.3891. The initial support is at 1.3267, further support is at 1.3071, and more critical support is at 1.2956.

Yen: UsdJPY turned lower, closing down 0.01% at 103.32. Technically, the initial resistance to the exchange rate upward is at 103.71, further resistance is at 104.12, and the key resistance is at 104.36. The initial support for the lower exchange rate is at 103.07, the further support is at 102.84 and the more critical support is at 102.43.

Leave a Reply

Your email address will not be published. Required fields are marked *