Review of the dollar, euro, pound, yen, qiwi and gold prices for December 15, 2020


Today, during the Asian session, the EUR / USD pair is trading in different directions, consolidating near the level of 1.2150. Investors are awaiting the emergence of new drivers on the market and are watching with dismay the next surge in the incidence in the United States and several European countries. In particular, Germany has decided to close all non-essential businesses by January 10, as the measures taken earlier did not help reverse the rise in the incidence of coronavirus. The macroeconomic statistics from the eurozone published on Monday turned out to be very optimistic, but they could not provide any significant support to the European currency. Industrial production rose 2.1% mom in October after rising 0.1% mom last month, which was close to forecasts of 2.0% mom. In annual terms, the indicator slowed down the decline from -6.3% y / y to -3.8% y / y, which was better than analysts’ expectations of -4.4% y / y.


Today during the Asian session, the GBP / USD pair is trading in different directions, trying to gain a foothold above 1.3330. The day before, the instrument was actively trading, but contradictory, trying to strengthen. The pound was supported by the resumption of trade negotiations between the UK and the EU after the parties failed to reach an agreement last week despite the statement by the head of the European Commission Ursula von der Leyen. However, the market is still skeptical, given the principled position of London and the proximity of the Christmas holidays. On Tuesday, investors’ attention is focused on a block of macroeconomic statistics from the UK on the labor market. Traders expect the unemployment rate to rise by 5.0% and an increase in the number of jobless claims for November.


Since the beginning of trading this week, the NZD / USD pair has been developing a moderate downward correction, approaching the strong psychological level of 0.7000. Technical factors contribute to the decline in the instrument, as the New Zealand dollar is held in the area of ​​record highs since April 2018. In addition, weak macroeconomic statistics put some pressure on the rate at the beginning of the week. Thus, the index of activity in the service sector of New Zealand from Business NZ in November fell from 50.8 to 46.7 points. Today, the data from China provide moderate support to the rate. Thus, the volume of industrial production in China in November was revised upward from + 6.9% y / y to + 7.0% y / y, which fully coincided with the expectations of investors. Retail sales accelerated from + 4.3% y / y to + 5.0% y / y, which fell slightly short of market forecasts of + 5.2% y / y.


Today during the Asian session, the USD / JPY pair is growing moderately, developing an uncertain “bullish” signal formed the day before. The instrument is somewhat supported by a decrease in demand for safe assets amid some progress in additional stimulus for the US economy. On the eve it became known that the authors of the bipartisan package of economic assistance in the amount of $ 908 billion decided to make a number of concessions and exclude the most controversial issues from the developed document in order to finally achieve its approval in Congress. Yen is supported by Japanese macroeconomic statistics. Thus, the volume of industrial production in October accelerated from + 3.8% m / m to + 4.0% y / y. The index of major manufacturers Tankan in the fourth quarter rose from -27 to -10 points, which also exceeded market forecasts by -15 points.


Gold prices are rising moderately during the Asian session today, recovering from the bearish start of the week. The instrument declined yesterday in response to upbeat traders’ sentiment after the Food and Drug Administration (FDA) approved the use of the Pfizer vaccine in the US. The instrument is supported by expectations of a financial aid package for the US economy. On the eve of the authors of the package of measures in the amount of $ 908 billion decided to make additional concessions, which should increase the chances of its approval in Congress. In addition, investors are preparing for a two-day Fed meeting, which begins today. It is expected that on Wednesday the regulator may announce any promising changes in its vector of monetary policy.

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