This is what you need to know to trade today Thursday, December 17:
A risky mood dominates the markets amid growing hopes for a Brexit deal and a US stimulus deal, despite no further stimulus announcement from the Federal Reserve. Bitcoin surpassed $ 22,000 after jumping the $ 20,000 barrier and gold is also on the rise. The Bank of England is prepared to leave its policy unchanged
The Federal Reserve did not vary its monetary policy, disappointing some who expected an imminent adjustment in bond buying. On the other hand, the Fed has committed to maintaining quantitative easing until a substantial improvement is achieved.
The dollar strengthened at first before falling. Federal Reserve Chairman Jerome Powell, urged lawmakers to act, and your lack of immediate action is considered to increase the chances of a settlement.
American stimulusSenate Majority Leader Mitch McConnell continued to urge fellow Republicans to seal a deal, also citing the electoral chances of two Republican senators in Georgia’s special election. Other congressional leaders, such as minority leader Chuck Schumer, expressed hope of passing a deal worth about $ 900 billion.
President-elect Joe Biden also supports a deal and disguised it as just a “initial payment“before further relief in 2021. Gold has advanced towards $ 1,870.
The Brexit talks have made substantial progress on the level playing field (LPF) and governance, apparently only leaving fishing as a point of contention. Despite the miniscule size, the industry has a huge political impact.
The British parliament is ready for the Christmas holidays, but could meet again if necessary. The negotiators remain quiet and refrain from major leaks, a positive sign. GBP / USD has been spreading its gains towards 1.36.
He Bank of england it will leave its policy unchanged in its last decision of the year and after adding 150 billion pounds to its bond purchase scheme in November. The BOE will likely commit to do whatever it takes.
The “Old Lady” publishes the minutes of the meeting, but Governor Andrew Bailey will not hold a press conference. His colleague Ben Broadbent is scheduled to speak later that day.
BoE preview: Bailey may give sterling bulls a Christmas present, assuming no talk of negative rates
He Bitcoin finally surpassed $ 20,000 on Wednesday and has been spreading its earnings, topping 22,000 at the time of this writing. Scott Minerd of Guggenheim Investments has said it could go as high as $ 400,000. Other cryptocurrencies are also advancing.
He AUD/USD It is approaching 0.76 amid market optimism and Australia’s surprising drop in its unemployment rate to 6.8%. Australia gained 90,000 jobs in November, more than double expectations.
He NZD / USD it is trading above 0.7135, also thanks to upbeat data. Gross Domestic Product recovered 14% in the third quarter, better than estimated.
He Swiss National Bank (SNB) will leave its Libor rate unchanged at -0.75% at its quarterly meeting. The US Treasury has labeled Switzerland a currency manipulator, a move that has yet to alter the value of the franc.
It is anticipated that unemployment claims in the United States decline from the highs of 853,000 recorded last week, a significant setback. Building permits and housing starts are also expected to be released.
He coronavirus it continues to raze the Northern Hemisphere, with European countries tightening their screws and hospitalizations in the United States reaching new highs. Allergic responses to the Pfizer / BioNTech vaccine counters report that the vials provided by the project include additional doses. The FDA is set to approve Moderna’s vaccine in the next few days.
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