Decision Analysis: The Electoral College votes today! The largest vaccination campaign in THE history of the United States! Gold prices in the end of the plunge approaching 1830!

Risk sentiment was mixed in Asian trading on Monday, with Asian shares edging modestly higher as investors focused on vaccine news and the U.S. stimulus plan.

Australia’s ASX200 index closed up 0.26% at the close; Japan’s Nikkei 225 closed up 0.32%; South Korea’s KOSPI index closed 0.28 per cent lower. A – share rebound across the board higher.

Progress on COVID-19 vaccine boosts risk appetite. Trucks loaded with COVID-19 vaccines are delivered from Pfizer’s factory in Kalamazoo, Michigan, on December 13, local time. This marks the launch of the largest vaccination campaign in THE history of the United States.

The vaccine developed by Pfizer and Germany’s BioNTech is the first COVID-19 vaccine approved by the US Food and Drug Administration (FDA). The vaccine has a 95% immunity to COVID-19, according to official data.

American hospitals are preparing for the first round of vaccinations, totalling 24m people, to begin on December 14th. But most Americans will have to wait months for the COVID-19 vaccine. Health care workers and long-term residents of nursing homes are expected to be among the first to be vaccinated.

Late Sunday night, Trump said on Twitter that he had asked to adjust White House officials’ vaccination plans: “If not necessary, people who work at the White House should be vaccinated later.” “I haven’t scheduled the vaccination yet, but I look forward to it in due course.”

“Vaccine factors have and will likely continue to help the market, keeping investors from panicking about record cases, hospitalizations and deaths for the time being,” jpmorgan analysts wrote in a note.

On the stimulus front, Democrats showed signs of softening their stance on a new bailout, with one of their leaders, Steny Hoyer, saying the party could accept a bailout without local government assistance. Local-government aid is a condition of the new bailout that the Democrats have been insisting on.

Markets had been hoping for a quick bipartisan consensus and passage of a new rescue plan after lawmakers from both parties proposed a $980bn rescue package and Democrats agreed to negotiate a new one on top of it. But the leaders of both parties have since stuck to their guns and the talks have stalled again.

Beyond that, the us election is coming to a head today. The Electoral College is scheduled to meet on Monday to formally elect a president and vice president. The Electoral College has 538 members.

Once the polls close, Joe Biden will officially be declared the winner. According to current media statistics, Biden has 306 votes to Trump’s 232. Most electors will vote in the state legislature chamber at different times of the day.

Demonstrations broke out on December 12 in Washington and in the contested state capitals of Georgia, Pennsylvania, Michigan and Wisconsin, just before the Electoral College vote. Supporters of Donald Trump held a “Make America Great Again Million-man March” in several places on Thursday morning local time.

On the currency front, the dollar remained on the defensive, trading around 90.70 as non-U.S. currencies mostly rebounded, led by sterling, which is now up nearly 1 percent. The move comes after Britain and the European Union agreed to resume brexit trade talks after a Sunday deadline.

“Our base case continues to assume a ‘very limited’ FREE trade agreement by the end of the year,” Goldman analysts wrote in a note. Nevertheless, given the lack of progress in recent weeks, there is still a lot of uncertainty and our analysts see the risks of a no-deal Brexit rising.”

Commodities, spot gold day continued to be under pressure, now approaching the 1830 threshold, vaccination began to suppress safety, gold prices eclipsed. Silver, meanwhile, was largely flat, eyeing a return to the $24 level.

This week, gold focused on the Fed’s decision. Market participants believe the Fed may not change the size of its bond purchases at the meeting, but change the details of its bond-buying program to make it more effective in supporting the economy.

Trend analysis of major currencies:

Euro: The euro/DOLLAR continued its choppy highs of recent days and is trading around 1.2140. From a technical point of view, the MACD red kinetic energy column is very weak on the 4-hour chart, with the RSI indicator trading above the 50 level and the KDJ indicator hovering around the 50 level, indicating short term price volatility or continued volatility. Short-term initial support at 1.2100, initial resistance at 1.2165.

Sterling: Sterling opened higher against the DOLLAR during the day after good news from The Brexit vote prompted a rebound in sterling, now trading around 1.3350. From a technical point of view, the 4-hour chart shows the initial appearance of MACD red kinetic energy column, RSI indicator above the 50 level, and KDJ indicator rebound above the 50 level, indicating that the price may continue to move higher in the short term. Short-term initial support at 1.3260, initial resistance at 1.3400.

Jpy: The USD/JPY continued its choppy trend in previous days and is now trading around the 104 mark, below its main average level. From a technical perspective, the 4-hour chart shows a slight weakening of the MACD green momentum column, with the RSI index holding below the 50 level and the KDJ index also holding above the oversold level. It is estimated that there is still room for the price to fall in the short term. Short-term initial support at 103.50 and initial resistance at 104.30.

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