This is what you need to know to trade today Wednesday 18 November:
Markets are declining and the safe-haven yen is in demand as the surge in coronavirus cases again outpaces the optimism for vaccines. Central bankers also expressed caution. Bitcoin rises above $ 18,000 while optimism about Brexit keeps the pound on offer.
The COVID-19 figures they continue to increase around the world. Hospitalizations in the United States reached a new record above 76,000, Germany reported 305 deaths, the highest number since April, and infections reached the two million mark in France. Cases are increasing in Japan and South Australia imposed restrictions after an increase in that territory.
Christine Lagarde, president of the European Central Bank, said that recent news about vaccines “does not change the rules of the game”, at least not in the short term. The ECB must be fully aware of the situation. Jerome Powell, Chairman of the Federal Reserve, welcomed the advances in immunization, but also expressed caution about the current situation.
Vaccine: Pfizer has announced that it has passed a key safety milestone in the course of requesting emergency use authorization from its immunization candidate.
The Bitcoin It briefly surpassed $ 18,000, the highest level since late 2017, before the cryptocurrency fell again. BTC / USD is on an upward trajectory as the pandemic prompts investors to explore new assets.
Brexi: The Telegraph reported that France may have compromised on the sensitive issue of fishing, opening the door to a Brexit deal next week. GBP / USD remains higher around 1.3250.
US retail sales disappointed with a modest increase in October. Raphael Bostic, president of the Atlanta branch of the Federal Reserve, said some people may be running out of money.
Building and construction permits for US homes will be released this Wednesday, along with a speech by John Williams, a member of the Federal Reserve.
American elections: President Donald Trump fired a top cybersecurity adviser who said the elections were safe, in his attempt to overturn the results. Meanwhile, the certification process continues and President-elect Joe Biden continues to announce appointments to his incoming administration.
It is anticipated that Final inflation figures for the Eurozone confirm a 0.3% drop in the general consumer price index for October. Canada’s CPI figures are estimated to show modest increases.
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