This is what you need to know to trade today Wednesday, November 11:
Markets are slowly climbing and the US dollar is on the defensive, as the surge in COVID-19 cases counteracts Monday’s spectacular vaccine announcement. The NZD / USD stands out and ECB President Christine Lagarde is expected as several countries have a holiday today.
Coronavirus Hospitalizations in the US They have reached the highest level since April, while cases and the number of deaths are also increasing. The governor of Nevada asked citizens to stay home.
Infections remain high in Europe, with Italy imposing restrictions on additional regions and contemplating a national blockade. Cases in Germany also remain high.
Vaccine: Dr. Anthony Fauci said that an emergency authorization for the Pfizer vaccine could be ready as early as December. While production, storage and distribution can be problems, investors expect other immunization projects to be successful in the coming weeks.
American elections: President-elect Joe Biden continues to work on transition plans, while President Donald Trump refuses to budge, repeating unsubstantiated claims of fraud. Election officials in all states said there are no irregularities affecting the outcome. The final count continues in various states and is unlikely to change the results.
The Reserve Bank of New Zealand it has kept its interest rate unchanged and has surprised with a relatively optimistic assessment. Most importantly, the Wellington-based institution hinted that negative borrowing costs are off the table, making the NZD / USD go up 1%.
Christine Lagarde, president of the European Central Bank, will speak later in the day. You can provide feedback on the economy.
The EUR/USD has stabilized around 1.18, while the GBP/USD maintains earnings near 1.33. The yen remains the loser from the current episode of volatility, with the USD/JPY trading around 105.50. The oro it is trying to rebound, but has not yet recovered the $ 1,900 level.
The Brexit talks they continue in London, and Britain’s fisheries, state aid and internal market bill remain the thorniest issues. British Prime Minister Boris Johnson spoke with Biden and the Good Friday deal with Ireland was mentioned. The new administration wants the arrangements to keep the peace on the Emerald Isle.
The Bitcoin It has stabilized around $ 15,400 as Ethereum continues to rise.
Several markets are closed to commemorate the end of the First World War, which means less liquidity and less volume.
.
Credits: Forex Street

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.