2020-11-21

Decision analysis:Georgia officially certified that Biden won, Trump’s eldest son was infected with the new crown, the dollar staged a tug of war

By yqqlm yqqlm

FX168 Financial News Agency (North America) News The U.S. dollar rose against major currencies such as the Euro and Japanese Yen on Friday (November 20), as various competing factors pushed the U.S. dollar to trade in different directions Staff consolidation positions:on the one hand, there is a surge in virus cases, on the other hand, there is positive news about vaccines.

The United States may restart negotiations on stimulus to alleviate the new crown pneumonia, which will also put pressure on the US dollar as a safe-haven currency. Republican and Democratic senators agreed on Thursday to resume these discussions.

Meanwhile, U.S. Treasury Secretary Mnuchin defended his decision on December 31 to end several key pandemic loan programs from the Federal Reserve, saying that Congress should use the money to help the United States. small company.

In addition, Pfizer Inc. stated that it has applied for an emergency use authorization for the new crown vaccine in the United States.

A spokesperson for the President of the United States Trump eldest son Trump Jr. confirmed that his new crown test result was positive. She is currently in self-isolation, but she has not yet shown symptoms.

As for the general election, on Friday afternoon local time, the US Secretary of State’s Office of Georgia issued a message that officially certified in November The results of the presidential election on the 3rd announced that Biden, the Democratic presidential candidate, was the winner of Georgia.

According to the Secretary of State’s Office, the ballot results have been certified. After manually recounting about 5 million votes, Biden finally won 16 votes in Georgia with a lead of 12,670 votes. In his speech at the State Capitol, the Secretary of State said:”I believe that the figures we provided today are correct. The figures reflect the judgment of the people.”

The U.S. dollar index rose at 92.39 late in the U.S. market. , An increase of 0.11%, the highest intraday hit 92.44, and the lowest intraday hit 92.20. This week, the dollar index fell 0.4%.

In general, the dollar is expected to fall this week. At the beginning of this week, the US dollar was affected by the positive news about the new crown pneumonia vaccine, but since then the market has been watching the fluctuations between the new crown pneumonia cases and the new crown vaccine.

“You really can no longer calculate by the day. The situation since Monday is that anything related to the vaccine that may be distributed has brought great news,” Tempus Inc’s senior currency analysis Teacher Juan Perez said.”This feeling is still very strong today, and it will become weak tomorrow. This is the performance of the market. This kind of volatility will continue because there is no clear direction.”

Capital Macro Market Economist Jonathan Petersen said:”We believe that the global economy and trade are in the early stages of recovery from the impact of the epidemic, which will further”press the dollar and support the euro.”

The euro/dollar fell by 0.1%to 11.1856 , It rose slightly this week.

Action Economics pointed out that there was some sell-off when the euro closed in London before the weekend.

“The EU and the United Kingdom lacked progress in Brexit trade negotiations, which may limit The euro, despite the general decline in the popularity of the dollar,” the company said in its daily blog.

The focus and vane of the next trading day:

16 :15 The initial value of the Markit/CDAF manufacturing purchasing managers index in France in November

16:30 The initial value of the Markit/BME manufacturing purchasing managers index in Germany in November

17:00 Eurozone November Markit Manufacturing Purchasing Managers Index Initial Value

17:30 UK November Markit/CIPS Initial value of Manufacturing Purchasing Managers Index

22:45 US November Markit Manufacturing and Service Purchasing Managers Index Initial Value

Japan is closed on Labor Thanksgiving Day holiday

At 02:00 the next day, San Francisco Fed President Daly hosted a dialogue at an online event

At 03:00 the next day, Toni Gravelle, Deputy Governor of the Bank of Canada, Ottawa, Canada, gave a speech in a video conference< /p>

At 04:00 the next day, President Evans of the Federal Reserve Bank of Chicago in Washington, USA participated in an online Q&A session on current economic conditions and monetary policy

Analysis of major currency trends:

Euro:The euro/dollar turned down, closing at 1.1856, a decrease of 0.15%, and an increase of 0.26%this week. Technically, the initial resistance for the upward exchange rate is at 1.1910, and the further resistance is at 1.1960, a key resistance Located at 1.2011; the initial support for the downward exchange rate is at 1.1745, the further support is at 1.1640, and the more critical support is at 1.1600.

The British pound:GBP/USD turned up, closing at 1.3287, an increase of 0.20%, and an increase of 0.74%this week. On the technical side, the initial resistance for the upward exchange rate is at 1.3310, the further resistance is at 1.3360, and the key resistance is at 1.3400; The initial support of the line is at 1.3180, the further support is at 1.3100, and the more critical support is at 1.2860.

Yen:The dollar/yen rose for the first time in seven days, closing at 103.81, an increase of 0.09%, and a decrease of 0.74%this week. Technically, the initial resistance for the upward exchange rate is at 104.60, the further resistance is at 105.00, and the key resistance is at 105.45; the initial support for the downward exchange rate is at 103.55, the further support is at 103.30, and the more critical support is at 103.00.