Notícias e análises diárias

Victor Camargo

Company manager

“My interest in the financial market started in mid-2013. In 2016, I started to studying Forex, where I found the possibility of having a source of income and the opportunity to mature. Today, as a trader at Win Trade Markets, I seek consistency and professional and personal fulfillment.

January 19, 2021

Recovering this Tuesday after testing its lowest point since 2 December, the euro was trading in the 1.21 region, supported by a weakness make dollar. However, it is expected to be announced today by Chancellor Angela Merkel and other European leaders an extension of their partial quarantine measures to the mid-February. Regarding economic data, new car sales in the EU has shrunk to a record pace in 2020.

While investors await the speech by former Fed chairman Janet Yellen, appointed by Biden as secretary of the Treasury, the DXY index was falling, with traded around 90.6. She is expected to say that the US does not seek a dollar weak, in addition to urging Congress to do more to help the economic recovery of the parents. However, doubts about whether Congress will approve the USD 1.9 relief plan trillion and the increase in coronavirus infections, put pressure on the dollar.

Reaching its peak in almost a week, gold was being traded on around USD 1844 an ounce, supported by the weakness of the dollar.

On the return from the holiday, the North American indices were up, with the Dow coming to rise more than 200 points. The balance sheet season continues with Bank of America and Goldman Sachs reporting higher than expected earnings; Netflix should disclose its after closing. In addition, the S&P 500 and Nasdaq were up 0.5% and 0.9% respectively.

In Europe, the main indices reversed recent gains and were being traded in a slight drop, with the DAX 30 falling about 0.15%; CAC 40 -0.4%; FTSE MIB – 0.1%; and the IBEX 35 -0.5%. With regard to economic data, Germany remained in deflationary territory in December for the fourth consecutive month.

The Zew Indicator of Economic was up 6.8 points in January 2021 from the previous month, reaching 61.8 points, slightly above expectations. At prospects for the German economy have improved amid rising expectations exports, despite the uncertainty about the future of quarantine measures. About 71% of analysts surveyed predicted an improvement in economic activity in months, while 9% of them expected it to get worse and 20% did not expect changes

January 18, 2021

On a public holiday in the USA, the euro was little changed compared to the closing of Friday, trading around 1,207 this Monday. As concerns with the pandemic and its consequences and with the political turmoil in Italy to continue and the common currency touched its lowest point since 2 December earlier.

Extending gains for the ninth consecutive session, the DXY index was being traded in the region of 90.9, its highest level since 11 December, after record your biggest weekly gain in 11 weeks. Investors remain concerned with the coronavirus pandemic and doubts are growing about whether Congress will approve the $ 1.9 trillion President-elect Joe Biden stimulus package. Biden should take office on Wednesday, the 20th, amid risks of violence and concerns with safety.

Being traded at a slight high, in the region of USD 1835 an ounce, gold tries to recover from the 1% drop on Friday, however the stronger dollar prevented further gains for metal. In addition, doubts about whether Congress will approve the plan Joe Biden’s encouragement diminished the appeal for gold.

Little changed, North American futures indices were mixed on Monday, with the Dow Jones slightly down, while the S&P 500 and Nasdaq slightly up. Coronavirus deaths in the country continue to rise, approaching 400,000; that number is expected to reach the 500,000 mark next month, according to the director of the CDC.

In Europe, the indices reversed recent losses and were trading higher, with the DAX 30 rising around 0.3%, trading around 13815.

In the fourth quarter, China’s economy advanced 6.5%, after a growth of 4.9% in the third quarter; expectations were for a 6.1% growth. The last reading showed that growth returned to pre-pandemic levels, with the industrial production having its biggest growth more than 3 ½ years in the month of December. In the year 2020, the country’s GDP grew by 2.3%, the fastest pace slow over 4 decades. In any case, the country should be the only one among the great economies to avoid a contraction in the year. In 2020, the primary sector rose 3%, with the stock of live pigs increasing 31%. The industry advanced 2.6%, with manufacturing growing 3.4%, public services 2% and mining 0.5%. The tertiary sector has grown 2.1%. In addition, real estate investment grew 7%, with the residential sector growing 7.6% and that of office buildings 5.4%.

January 15, 2021

While investors monitor a coronavirus pandemic and its full impact on economy, the euro was trading lower this Friday, reaching its peak lowest point in 1 month, in the region of 1.21. In addition, the $ 1.9 trillion by President Joe Biden.

Staying above 90.5, the DXY index was trading higher, still supported by high treasury yields and a flight into the US currency by coronavirus and political turmoil. Joe Biden announced the stimulus package in USD 1.9 trillion, called American Rescue Plan, which includes checks of USD 1400 for most Americans, a temporary increase in unemployment insurance and a increase in the federal minimum wage of USD 15 per hour. The day before, statements dovish on the part of the president of the Federal Reserve pressed the dollar. Besides that, Powell dismissed the idea that the Fed could reduce its asset purchases by while, reinforcing the central bank’s commitment to supporting the North American economy.

Pressured by the strength of the dollar, gold was down about 1%, with traded around USD 1825 an ounce.

Amid concerns about the increase in covid-19 cases and the stimulus package announced by Biden from USD 1.9 trillion, US indices were falling this Friday. On the other hand, earnings from JPMorgan, PNC, Wells Fargo and Citigroup were above expectations. The top three North American indices are on track for a negative week.

In Europe, rates were also falling. Pfizer announced that it would reduce temporarily deliveries of their vaccines to Europe while improving their production capacity. Added to that, there was already concern about the slow pace in vaccinations in several countries in the bloc that have received less products than the expected.

With an increase of 1.6% in relation to November 2020, US industrial production exceeded expectations of 0.5% growth. Manufacturing production grew 0.9%, marking the eighth consecutive monthly increase, also exceeding expectations for an increase of 0.5%. The production of durable goods, excluding motor vehicles and pieces, grew 1.5%, and the production of non-durable goods, 0.9%. Inside the goods primary metals recorded their seventh consecutive monthly increase. In between non-durable ones, plastics and rubber products registered the greatest gain. To At the same time, the production of public services increased 6.2% due to a recovery in heating demand after an exceptionally hot climate in November; while mining production advanced 1.6%, due to gains in the oil and gas sector. In the fourth quarter as a whole, production Total industrial growth grew at an annual rate of 8.4%.

Following a 1.4% drop in November 2020, US retail trade recorded a further drop in December, of 0.7% in relation to the previous month; the expectations were down 0.2%. Amid record increases in numbers of infected by covid-19, high levels of unemployment and lack of government support, this was the third consecutive month of decline. Falls were recorded in electronics stores and household appliances (-4.9% vs -8.3% in November), restaurants and bars (-4.5% vs -3.6%), food and beverage stores (-1.4% vs 1.5%), merchandise stores in general (- 1.2% vs – 1.3%), sporting goods stores, hobbies, musical instruments and books (-0.8% vs -1.7%) and furniture stores (-0,% vs -2.1%). In addition, online commerce fell 5.8% against -1.6% in the previous month.

January 07, 2021

Euro zone annual CPI and retail sales data at 07:00; Policy statement ECB monetary policy at 09:30. Initial claims for unemployment insurance and trade balance in the US at 10:30; PMI ISM non-manufacturing at 12:00 in the USA. At 06:57, EURUSD – 0.56% and DXY 0.26%; EUR 34%, USD 76%. ATR at 116%, after reaching low1, with projection upwards 1,2333 and projection downwards 1,2275. POC at 1.23255. Trend in Strong Sell. Low channel, almost lateral. Survive in M5, M15, M30 and H1; Overbought in W1.

Strong fall for the euro. At 14:03, EURUSD -0.59% and DXY 0.38%; EUR 46%, USD 69%. ATR by 138%. POC at 1.22705.

After reaching its highest point in more than two years, the euro was falling this Thursday of about 0.6%, being traded in the region of 1.227, pulled by concerns about the increase in the number of covid-19 cases and quarantine resulting from this increase, as well as the slow pace in vaccinations against the virus. In addition, an economic contraction was shown by the ECB in the Euro in the fourth semester. It was also mentioned by the central bank that, despite the optimism about the coronavirus vaccine, it would still take time for immunity to widespread was achieved so that the economy could return to normal. With respect to economic data, consumer prices in the Eurozone remained in deflationary territory and retail trade fell more than the expected.

In turn, the DXY index recovered some of its recent losses after reaching the region of 89.2 that week and was trading around 89.9. The risk investor appetite decreased due to the outcome of the Senate elections in Georgia, with Democratic victory, which increases the prospects for more stimulus and also because of the US Capitol riots yesterday, when Biden was formally recognized by Congress as President of the country. With the victory in Georgia, Democrats secured control of the two chambers of Congress.

Retreating from the two-month high reached on Monday in the USD 1950 region to ounce, gold was trading lower. Anyway, the fundamentals for metal remain the same, which means a high demand on account of the gold’s role as protection against inflation.

Wall Street was up, with the Dow Jones and the S&P 500 renewing again record highs, extending the gains from the previous session after Congress certified Joe Biden as the 46th president of the USA. The Dow was up 0.8%; O 1.5% S&P; and the Nasdaq of approximately 2.5%.

In Europe, indexes closed higher, with the DAX 30 also renewing a record high, reaching the region of 13995. CAC 40 was up 0.65%; and the IBEX 35 of 0.3%.

The non-manufacturing PMM (USA) increased to 57.2 in December 2020 from 55.9 in November, exceeding market forecasts of 54.6. The reading pointed to the greater growth in the service sector in 3 months. Business activity (59.4 vs 58) and new orders (58.5 vs 57.2) increased more quickly and inventories were recovered (58.2 vs 49.3), while price pressure eased (64.8 vs 66.1) and employment fell again (48.2 vs 51.5). “The interviewees’ comments are mixed on business conditions and the economy. Several COVID-19 shutdowns in local and state level continue to negatively impact companies and sectors. The human resources, production capacity and applicable logistics were more limited than than in the previous month. Most respondents are cautiously optimistic about the business conditions with the recent approval and imminent distribution of vaccines ”, said Anthony Nieves, ISM president.

In Germany, new orders for manufactured products increased unexpectedly 2.3% MoM in November 2020, after a revised 3.3% jump in October and exceeding expectations for a 1.2% drop. It is the 7th consecutive month of increase in orders to factories, mainly due to intermediate goods (4.9%), capital (1.1%) and consumer goods (0.5%). Domestic orders increased 1.6% and foreign ones 2.9%, with those in the Eurozone increasing 6.1% and those from other countries 0.9%. Compared to February, a month before the coronavirus pandemic, factory orders were 4% higher.

The number of Americans who applied for unemployment insurance decreased to 787 thousand in the week ended January 2, from 790 thousand revised in the week previous; expectations were 800 thousand. Still, orders remained well above pre-pandemic levels and are likely to remain elevated for some time, as the number of COVID-19 infections continues to increase at a rapid pace record, prompting many US states to impose restrictive measures to respond to the outbreak. In addition, approximately 161 thousand people have requested assistance from the Pandemic Unemployment, which covers workers who do not qualify for initial orders, compared with 310,000 in the previous period.

January 06, 2021

PMI data from Italy at 5:45 am, France at 5:50 am, Germany at 5:55 am and Zone Euro at 06:00. Change in private ADP jobs in the US at 10:15 am and stocks of crude at 12:30. Minutes of the FOMC meeting at 16:00. At 06:12, EURUSD 0.27% and DXY -0.14%; EUR 57%, US $ 26%. ATR at 106% after reaching high1. Upward projection 1,2341 and projection of 1,2279. POC at 1.22985. Strong Buy trend. Channel high.

After finding a resistance zone in the region of 1,234, euro plummets with unexpected ADP data finding support in a zone of high accumulation of volume. At 13:50, EURUSD -0.13% and DXY 0.25%. ATR by 124%. POC at 1.23375.

In a day full of news, the euro continued its rise this Wednesday, reaching its peak highest point since April 2018 in the region of 1.2345, before reversing gains to be traded in the fall. Democrat Raphael Warnock won the race for first Senate seat against Republican Kelly Loeffler; the dispute for the second vacancy remained undecided. In Europe, the increase in covid-19 cases and with new quarantine measures continue to worry investors. In addition, PMI showed that the economy contracted more than expected in December.

In turn, the DXY index remained under heavy pressure at the start of the session, falling below the 89.5 region, but recovered losses to be traded higher about 0.3%.

Supported by the weakness of the dollar, gold was bullish, trading above USD 1950 the ounce earlier to later reverse the gains and fall sharply to the next of USD 1900 or -2.1%.

Wall Street had the Dow Jones and the S&P 500 recovering recent losses to hit new record highs, with the Dow rising almost 500 points and the S&P about 1.3%. In contrast, the Nasdaq was trading down.

In Europe, the indices registered significant gains, with the DAX 30 rising more than 1.5% and other important indices rising between 1.5% and more than 3%. The European Agency of Medicines recommended the use of Moderna’s coronavirus vaccine in European Union; the Pfizer / BioNTech vaccine was the only one authorized for emergency use in the block, but recent concerns have emerged that new variants of the virus discoveries in the UK and Africa could make vaccines ineffective.

Unexpectedly, the US private sector cut 123,000 jobs in December 2020; expectations were for an increase of 88 thousand vacancies. It was the first fall registered in the private sector since April of last year, with the market of work being strongly affected by the increase in covid-19 cases in the country, as well as like all restraint measures. The service sector cut 105 thousand jobs led by leisure and hospitality (-58 thousand), commerce, transport and services (-50 thousand), other services (-12 thousand) and information (-6 thousand). In contrast, professional and commercial companies added 12 thousand jobs, education and health 8 thousand and financial activities 2 thousand. The goods production sector lost 18 thousand jobs, due to manufacturing (-21 thousand), natural resources and mining did not contract or laid off, while the construction sector added 3,000 jobs. Considering 2020, private sector employment fell by 9.49 million, compared with a gain of 1.79 million in 2019.

January 04, 2021

On the first blood day of the year 2021, the euro was up on Monday, testing the region again at 1.23. One currency recorded an annual gain of almost 10% in 2020, supported by hopes of a rapid economic recovery with the approval of the largest stimulus package ever financed by the European Union budget, vaccination program against coronavirus in the block and post-Brexit trade agreement.

In turn, the DXY index follows its strong downward trend, having tested the region of 89.5, as the increase in risk appetite decreases the demand for the dollar. In addition, unprecedented spending raised US debt levels, generating huge budget deficits, which make money even less attractive as a way of investment. It is expected that the weakness of the dollar, which recorded a devaluation of around 7% in 2020, continue in 2021, with investors turning to higher risk investments.

In a significant increase of more than 2%, gold broke the resistance of the important level of USD 1900 an ounce, supported by the weakness of the dollar and expectations of rising inflation. The demand for metal as a protection against inflation is expected to continue in 2021. Even thus, the increasing number of countries starting their vaccinations against coronavirus, increases the hope of a quick economic recovery and removes safe asset investors. Gold registered an expressive appreciation of 25% in the last year.

Wall Street saw its main indices sink on that first day of trading 2021. Dow Jones dropped more than 500 points after opening the session in a new record high; Coca-Cola and Boeing shares were among the worst performance. The S&P 500 and Nasdaq also fell 2% and 1%, respectively, after to open high. In contrast, Tesla’s shares were up almost 4% after the weekend’s release of better-than-expected data in December. The numbers related to coronavirus in the USA are still on the rise, having registered in a single day over the weekend 300 thousand new infections, totaling more than 20.5 million cases. In 2020, the main North American indices had its best year since 2009, with the Dow Jones gaining 7.3%, the S & P500 16.3% and the Nasdaq 43.6%.

Meanwhile, in Europe the indices were up, with the DAX 30 rising more than 1% and reaching a new record high of 13923 and other important indices rising between 0.8% and 2.7%. With regard to economic data, PMI surveys have shown that the Eurozone manufacturing sector had the biggest growth in December since May 2018.

The IHS Markit US Manufacturing PMI was revised to 57.1 in December 2020 from a preliminary 56.5 and 56.7 in November. The reading pointed to the strongest growth of manufacturing activity since September 2014, as the economy continues to grow recovering from the pandemic. Production growth was the strongest since March 2015, despite having slightly decreased compared to the recent high of November. Gives Likewise, new orders decreased due to delays from suppliers and reduced capacity as additional restriction measures have led to the cancellation of requests. In addition, in the midst of a significant deterioration in the performance of the supplier, cost burdens and sales prices have skyrocketed as companies sought to partially pass on higher input prices.

December 18, 2020

After reaching the level level of 1,227 on Thursday, the euro lost strength on that Friday and was trading lower, below 1,225. However, the common currency moves for a weekly gain of around 1.1% with the demand for riskier assets being driven by vaccine news, hopes of a post-Brexit trade deal and prospects for fiscal stimulus in the U.S.

The DXY index rebounded slightly after falling below the 90 level in the session previous. American policymakers appear to be approaching an agreement in the USD 900 billion in aid against the pandemic. This unprecedented expense, however, it has led to large budget deficits; the dollar has also become less and less attractive. A less dovish stance by the Fed was also not enough attract investors, after the central bank did not change the terms of its asset purchase program and outlined an optimistic growth outlook for 2021; rates, however, are expected to remain close to zero until 2023, at least.

In a slight decline, gold was being traded in the region of USD 1880 an ounce today. In Anyway, metal is on track to record a weekly gain of around 2.3%.

Retreating from high records set in the previous session, Wall Street was in decline, while investors await any progress on US stimulus. The leader of the majority in the Senate, Mitch McConnell, said a bipartisan agreement “appears to be next ”and House Speaker Nancy Pelosi also said that Democrats are approaching consensus. In addition, the emergency use of the vaccine against Coronavirus da Moderna was supported by the FDA. On Monday, Tesla will join officially to the S&P 500, which can generate great volatility in the trading of today.

In Europe, the stock markets were also falling, with the DAX 30 falling about 0.1% after reaching a 10-month high in the previous session. The President of the Commission European Union, Ursula Von der Leyen said yesterday that “big differences remain” with relation to the post-Brexit trade agreement, mainly in the fisheries sector and that “overcoming them will be very difficult”. Today, European Union negotiator Michel Barnier said there was a chance for an agreement, but that the path to it is very narrow. In addition, the record increase in covid-19 cases in Europe and possibilities for new quarantine concerns investors.

Germany’s Ifo Business Climate Indicator rose to 92.1 from 90.9 in December previous month and above the forecasts of 90. Companies were more optimistic about the current conditions (91.3 vs 90) and expectations (92.8 vs 91.8). “Companies are satisfied with their business situation. They are looking at the first semester of the year with less skepticism. But quarantine measures are strongly affecting some branches. The German economy in general is showing its resilience “, said the president of Ifo, Clemens Fuest. Still, reading remains below levels prior to the pandemic.

December 16, 2020

EURUSD – 15/12/2020 GMT -3 – TF M5. London e NY sessions.

Supported by better-than-expected PMI data, as well as signs of progress in Agreed with the post-Brexit trade agreement the euro was being traded above 1.22 earlier that Wednesday. The bloc’s private sector economy has come a long way close to stabilizing in December, as there was an acceleration in the growth in industrial production coupled with a slowdown in the contraction of the sector services.

Supported by better-than-expected PMI data, as well as signs of progress in Agreed with the post-Brexit trade agreement the euro was being traded above 1.22 earlier that Wednesday. The bloc’s private sector economy has come a long way close to stabilizing in December, as there was an acceleration in the growth in industrial production coupled with a slowdown in the contraction of the sector services.

At a slight high, gold prices held just above USD 1850 an ounce, supported by the prospect of additional fiscal stimulus in the USA.

In the USA, the main indices were little changed compared to the previous session, while investors assimilate worse-than-expected retail sales data. Any progress on additional stimuli in the US is also expected, as well as the Fed’s monetary policy decision. The Fed is expected to maintain its stable target rate at 0-0.25%, but investors will look for any changes in the bond purchase program. Meanwhile, the FDA said the Covid-19 vaccine from Modern was “highly effective”, setting the stage for an authorization to emergency at the end of this week, after Pfizer / BioNTech obtained authorization at last Friday.

In the USA, the main indices were little changed compared to the previous session, while investors assimilate worse-than-expected retail sales data. Any progress on additional stimuli in the US is also expected, as well as the Fed’s monetary policy decision. The Fed is expected to maintain its stable target rate at 0-0.25%, but investors will look for any changes in the bond purchase program. Meanwhile, the FDA said the Covid-19 vaccine from Modern was “highly effective”, setting the stage for an authorization to emergency at the end of this week, after Pfizer / BioNTech obtained authorization at last Friday.

IHS Markit Germany Manufacturing PMI increased to 58.6 in December from 57.8 in November, exceeding forecasts of 56.4. It is the highest reading in 34 months, showing little impact of coronavirus containment measures. Orders increased strongly supported by the increase in export sales, amid greater demand for China. Notably, the backlog of order manufacturing does not completed showed a record increase during the month. On the other hand, employment had a bigger drop and the producers of goods increased the factory prices in the largest measure since March 2019, due to the growing tension in the supply chains supply and raw material shortages. Finally, manufacturers remained optimistic, as well as businessmen’s confidence in the prospects for the activity in the following year.

US retail sales fell 1.1% month-on-month in November 2020, after a revised 0.1% drop in October and worse than forecasts for a fall of 0.3%. It is the second consecutive drop in retail sales amid a increase in coronavirus cases and a drop in income, as the benefits of unemployment are about to expire. Sales in clothing stores were the most fell (-6.8%), followed by food and beverage services (-4%); stores of electronics and home appliances (-3.5%); gas stations (-2.4%) and concessionaires of motor vehicles and parts (-1.7%). Other falls were also observed in the sales in furniture stores (-1.1%); general merchandise stores (-1%); health and personal care (-0.7%); sporting goods, hobby, musical instrument and book (-0.6%); and several (-0.5%). In contrast, the increases occurred in food and beverage stores (1.6%) and in construction material resellers (1.1%). Retail sales that exclude automobiles, gasoline, building materials and food services fell 0.5%.

December 15, 2020

EURUSD – 15/12/2020 GMT -3 – TF M5. Sessões de Londres e NY.

Day without high volatility news expected. Price data for exported goods and imported into the US at 10:30 am; industrial production at 11:15, also in the USA. At 06:13, EURUSD -0.01% and DXY 0.01%; EUR 50%, USD 54%. ATR by 56%, with an upward projection 1.2187 and projection down 1.2107; POC at 1.21485. Strong Selling Trend. Channel high. Bollinger with 160 points. At 17:23, after a volatile session, EURUSD 0.06% and DXY -0.26%; EUR 17%, USD 13%. ATR by 81%. POC at 1.21580.

Amid a record increase in covid-19 cases in Europe, which is generating stricter restrictive measures on the continent, the euro was largely unchanged in relation to its opening point this Tuesday. This week, Germany and Netherlands will start a new quarantine; Italy also considers a partial quarantine from December 24th to at least January 2nd. In addition, negotiations for a post-Brexit trade agreement remains the center of attention.

The DXY index continues to be pressured by optimism regarding the vaccine against coronavirus and the USD 900 billion stimulus package. The dollar was falling 0.25%, being traded below the 90.5 level.

Gaining some strength, gold was trading higher, passing above from the level of USD 1850 an ounce, supported by the prospects for a stimulus package for the US economy. Giving even more support to the metal was the dollar even weaker, which makes gold more accessible.

Wall Street had its main indexes up at the end of the session amid expectations more fiscal stimulus to support the economy. A bipartisan group of lawmakers proposed a new package, which would divide the previous value of USD 908 billion in two to increase your chances of approval. The new plan includes USD 748 billion in spending popular programs for both sides, including unemployment insurance and Small business. A second USD 160 billion package comprises the two provisions that divided legislators, state and local government aid and liability protection for companies. Development should encourage economy in general to recover and boost the cyclical and other sectors affected.

In Europe, exchanges were also on the rise, amid optimism about the deal post-Brexit trade, vaccines and US stimulus negotiations. The DAX 30 was discharged from about 1.5%, as well as the FTSE MIB; CAC 40 and IBEX 35 were up about 0.6% and 0.3% each.

In Europe, exchanges were also on the rise, amid optimism about the deal post-Brexit trade, vaccines and US stimulus negotiations. The DAX 30 was discharged from about 1.5%, as well as the FTSE MIB; CAC 40 and IBEX 35 were up about 0.6% and 0.3% each, while the production of public services fell 4.3%, as higher temperatures that normal have been reducing the demand for heating.

December 14, 2020

Still strongly supported by progress in coronavirus vaccines worldwide, with the USA also authorizing the emergency use of Pfizer / BioNTech, the euro started to bullish week and was being traded in the 1.2145 region earlier in that Monday. In addition, investors still believe in a post -rexit trade agreement between the EU and the UK after they have been extended beyond Sunday’s deadline. On the other hand, Germany has announced that it will tighten its measures quarantine starting on Wednesday, will affect non-essential stores, schools and hairdressers, which must close. Such measures should remain in effect until the the 10th of January.

Pressured by the increase in risk appetite after the US announced the use emergency use of Pfizer / BioNTech vaccines, the DXY index was being traded below 90.5, this being its lowest level since April 2018. In addition, the possibility of an additional stimulus agreement in the United States with Democrats and Republicans confident that Congress will agree on a value of approximately USD 900 billion before the holiday season, is expected to put pressure on the dollar even more, since investors are concerned about the increase in the debts of the government.

The appeal for gold is also waning, as progress in vaccines against covid-19 raises hopes for a faster global economic recovery; O metal was trading below USD 1850 an ounce today. However, working support for gold are the stimulus measures by governments and central banks as the metal tends to be used as protection against inflation.

With the USA starting the national vaccination campaign against coronavirus this week, Wall Street was on the rise, with travel and leisure companies among those with better performance. Other companies that performed well were Alexion Pharmaceuticals, which rose more than 30%, to a four and a half year high, after the AstraZeneca said it would buy the US biotech company for USD 39 billion in one of this year’s biggest mergers. The Dow Jones advanced more than 200 points to a historic record of 30,325. The S&P 500 rose 30 points or 0.9% and the Nasdaq rose 150 points or 1.3%.

In Europe, exchanges were also up after the EU and the UK extended the post-Brexit trade agreement negotiations beyond the deadline for Sunday. The Dax 30 was up about 1%, as was the IBEX 35; the CAC 40 and the FTSE MIB were up 0.5% each.

Eurozone industrial production increased by 2.1% in relation to the previous month, in October 2020, the sixth consecutive month of growth; expectations were of a 2.0% increase. The production of durable consumer goods, such as televisions and washing machines, recovered 1.5% after registering a sharp fall in September; energy production also grew 1.8%. In addition, there were increases in production capital (2.6%) and intermediate goods (2.1%). The production of consumer goods does not durable has remained unchanged. Among the largest economies in the bloc, Germany, France, Italy and Spain registered gains in production.

December 11, 2020

After the ECB revised the outlook for economic activity in the Eurozone with GDP growth of 3.9% in 2021, the euro was trading lower this Friday. European leaders finally got a budget without EUR 1.8 trillion to help the regions most affected by the pandemic, after Hungary and Poland withdrew their objections. Investors now come back as to considerations for Brexit solutions.

The DXY index started the session down, but reversed the losses to return to the 91. The United States continues to be severely affected by the pandemic, reaching record numbers in coronavirus infections and deaths, which meant that requests for initial unemployment benefits reached a high of about 2 and a half months; beyond In addition, the stimuli announced for the Eurozone may put further pressure on the dollar.

Despite the high, gold continues to trade below the USD 1850 an ounce region. Experts formally recommended that the FDA authorize the emergency use of vaccines from Pfizer / BioNTech in the USA, the day after Canada authorized use in their territory.

Wall Street was down, with the Dow Jones and S&P 500 falling for the third session consecutive (-0.4% and -0.75% respectively) and the Nasdaq falling more than 1%. In Europe, the stock markets were also in the red, with the DAX 30 falling more than 1.5% and reaching its lowest point in 3 weeks, since the possibility of further measures restrictions and the lack of progress in Brexit negotiations worried investors. Other important indices also registered sharp drops of more than 1%.

On Thursday, the US recorded 2768 deaths from coronavirus, which took the total to 292 thousand. An estimate made by the Institute of Health Metrics and Assessment of the Washington University says the country will reach 500,000 deaths by April. In addition, a record 107 thousand people were hospitalized, while the number of Coronavirus infections averaged over 200,000 a day last week. State governors have been imposing new restrictive measures to help contain the spread of the pandemic, but the holiday season can generate another outbreak of infections.

Producer prices for final demand in the US rose 0.1% in November in compared to the previous month, after an increase of 0.3% in October and just below predictions of a 0.2% gain. Commodity prices rose 0.4%, the seventh consecutive advance, driven mainly by a 1.2% increase in the cost of energy. Meanwhile, service prices have remained unchanged after increasing 0.2% in October. The core of the index that excludes food and energy was also 0.1% highest in November; expectations were 0.2%.

December 10, 2020

After a consolidated login this Thursday, the euro has gone above the 1.21 after the ECB’s announcement of the decision to expand the PEPP by more than 500 billion euros, which was already quite expected. It was also announced that the measures emergency services will be extended until the end of March 2022. In addition, perspectives for the economic activity of the Eurozone have been revised, with a growth of 3.9% in 2021; in September, the forecast was 5%. Projections of the update for 2020 and 2022 were also revised to 0.2% and 1.1% from 0.3% and 1.3%, respectively. Now, investors turn their attention to Brexit, since Prime Minister Boris Johnson and EU chief executive Ursula von der Leyen, agreed to extend the post-Brexit trade agreement until Sunday.

The DXY index was above the 91 region earlier, before losing strength during the ECB press conference. The dollar experienced a stronger devaluation in against the euro in recent days, as data on economic activity has suggested a better recovery in Europe than in the USA.

In a slight decline, gold was trading below USD 1850 an ounce, still pressured by the increase in risk appetite due to the news about the vaccine against coronavirus, as Canada has also authorized the emergency use of Pfizer / BioNTech.

Fluctuating a lot, the Dow Jones and the S&P 500 were slightly down, while the Nasdaq up 0.4% earlier after order data release unemployment insurance. Negotiations on more fiscal stimulus in the US continue, with Democrats and Republicans apparently willing to accept a about USD 900 billion deal; the Senate majority leader, however, and the mayor, are not yet directly participating in the negotiations. Beyond In addition, the FDA will hold a meeting today to discuss the Pfizer / BioNTech vaccine.

In Europe, most exchanges closed down, with the DAX 30 falling 0.5%; CAC 40 0.15%; FTSE MIB 0.5%; and IBEX 35 0.9%. The falls were driven by the revision of Eurozone GDP growth outlook to 3.9% in 2021. In addition, European leaders are expected to reach agreement on the EUR 1.8 trillion package and on climate goals. Brexit negotiations between Boris Johnson and Ursula von der Leyen were extended until Sunday, after no agreement was reached yesterday.

The annual inflation rate in the U.S. remained unchanged at 1.2% in November 2020, the same as in October and slightly above the market forecasts of 1.1%. The prices increased more rapidly for new vehicles (1.6% vs 1.5%), but decreased to food (3.7% vs 3.9%), shelter (1.9% vs 2%) and used cars and trucks (10.9% vs 11.5%). In addition, the cost of medical care commodities (-1.1% vs -0.8% in September) and energy (-9.4% vs -9.2%) fell further (-9.4% vs -9.2%), while the deflation eased for transport services (-3.4% vs -5.1%) and clothing (-5.2% vs – 5.5%). On a monthly basis, consumer prices increased by 0.2%, above the stable reading in October and expectations of 0.1%. The core of the index that excludes food and energy grew 0.2% in the month and 1.6% in the year.

The number of Americans applying for unemployment insurance has increased to 853 thousand in the week ended December 5. The previous week’s level has been revised to 716 thousand; expectations for this week were 725 thousand. It was the highest number since mid-September amid an increase in COVID-19 cases and new restrictive measures across the country. In addition, about 428 thousand people requested aid from the Pandemic Unemployment Assistance scheme, which covers workers that do not qualify for initial orders, compared to 288,000 in the period previous.

On Wednesday, the US recorded 3124 deaths from covid-19, the largest daily number since the start of the pandemic, bringing the total number of deaths to more than 289 thousand. It is predicted by the Centers for Disease Control and Prevention that deaths in the US they will rise to over 300,000 by Christmas. In addition, 106 thousand people were hospitalized, a new record, while the number of infections reached an average of more than 200,000 a day last week. State governors have been imposing new restrictive measures to help contain the spread of the pandemic, but the year-end holidays can fuel another outbreak of infections. Meanwhile, the vaccine Pfizer / BioNTech is scheduled to obtain US FDA approval as early as Friday or Saturday.

December 09, 2020

The euro started the day higher during the Asian session and then fell sharply during the London and NY session, returning below the 1.21 level. European leaders will try to reach an agreement to unlock a EUR 1.8 trillion stimulus package, this week, but Poland and Hungary continue to threaten to veto. Investors also expect some progress in negotiations regarding the agreement post-Brexit trade.

Reversing losses from the start of the session, the DXY index returned above the 91 region. However, the dollar continues to be pressured by optimism regarding the vaccine against coronavirus after the US FDA said the Pfizer / BioNTech vaccine “met prescribed criteria ”, releasing it for emergency use after the United Kingdom began vaccination of the population. Meanwhile, US Treasury Secretary Steven Mnuchin presented to Mayor Nancy Pelosi yesterday a proposal to USD 916 billion coronavirus relief package.

Also amid an increase in risk appetite, gold prices were in down and were trading just under USD 1850 an ounce. Of any way, gold remains close to 3-week highs as prospects for more fiscal stimuli in the US and Europe continue to support the metal.

Wall Street had its main indexes falling after the Dow Jones and the S&P 500 reversed initial gains. The US registered more than 215,000 new infections coronavirus on Tuesday, the third day with the highest number ever recorded.

In Europe, however, rates were up earlier, but some have reverted to close down, with the DAX 30 and the IBEX 35 rising 0.5% and 0.1% each; the CAC 40 and the FTSE MIB fell by 0.15% and 0.3% each.

Above 6.3 million forecasts, the US opened 158000 new jobs in October, reaching the level of 6.652 million. However, the number remains below from the pre-pandemic level of 7 million. Job vacancies increased in health and social assistance (+122,000) and state and local education (+23,000). The number of job vacancies changed little in the four regions. Meanwhile, the number of hires decreased by 74,000 to 5.8 million, while total removals, including layoffs and layoffs, among others jumped 263,000 to 5.1 million. Within layoffs, the dismissal rate remained unchanged at 2.2%, while the rate of layoffs increased to 1.2%.

In the week ended December 4, the US recorded an increase in inventories crude oil of 15.189 million barrels, this being the biggest increase since the April record; forecasts were -1.424 million barrels.

December 08, 2020

As of Tuesday, the euro was trading slightly higher as investors remain attentive to developments regarding stimuli in Europe and post-Brexit trade list. Poland and Hungary have until today to submit a compromise proposal to the European Union so that they are included and in the economic recovery funds of the bloc. Europe and UK continue as compensation for the post-Brexit trade agreement and it is expected that a personal meeting between Prime Minister Johnson and the President of the European Commission von der Leyen can resolve the impasse. On the monetary policy front, the ECB must announce an extension and expansion of its pandemic bond purchase program when you meet on Thursday.

For the fifth consecutive session, the DXY index continues to trade below 91. The dollar continues to be pressured mainly by hopes that a vaccine against coronavirus accelerate the global economic recovery.

Extending gains, gold broke through the region of USD 1850 an ounce this week and was being traded around 1870, with an increase in its demand amid to hopes of fiscal stimulus in the US, to protect against inflation. O metal has been establishing its position as the main safe-haven as more steady growth rates outside the US, low interest rates and concerns with the increase in debts, they keep investors away from the dollar.

Wall Street was down, with the Dow Jones and the S&P 500 down for the second session consecutive and Nasdaq moving away from its record high reached the previous day. In this week, US lawmakers will vote on a provisional bill to funding in order to save more time to reach agreement on the aid against the covid-19 pandemic. However, hopes that a bipartisan agreement achieved have decreased after Senate majority leader Mitch McConnell, refused to endorse the proposed USD 908 billion plan. Regarding the pandemic, a record increase in the number of infections has forced California to close all retail and infrastructure operations, except for the most essential ones, in their most reached. In addition, the NY Governor has threatened to prohibit meals inside restaurants in the city of NY.

Amid uncertainties about a post-Brexit trade deal, European stock exchanges they were falling slightly. On the other hand, the United Kingdom will start vaccinations against coronavirus today, using vaccines from Pfizer and BioNTech.

Germany’s Zew Economic Sentiment Indicator increased 16 points from to the previous month, to 55.0, well above the forecasts of 45.5. Approximately 67% of interviewed analysts predicted an improvement in economic activity in the next few months, while 12% of them expected it to get worse and 21% did not expect changes. THE assessment of the economic situation in Germany has worsened somewhat, and is currently at – 66.5 points, 2.2 points lower than in November.

The eurozone economy grew by 12.5% ​​in the months of July through September 2020, recovering from a record 11.7% drop in the previous period and compared to a second estimate of a 12.6% advance. It was the fastest expansion rate accentuated since 1995, driven by a recovery in activity and demand, the as quarantine measures were gradually suspended. YoY, GDP shrank 4.3%, decreasing from a record 14.7% contraction in the second quarter.

Labor productivity in the non-agricultural business sector in the US increased 4.6% annualized in the third quarter of 2020, below a preliminary estimate of 4.9% of growth and after a 10.6% increase in the second quarter, which was the fastest since 1971. Labor productivity in the manufacturing sector has increased at a rate 19.9% ​​in the period from July to September.

December 07, 2020

Starting the week down, the euro was trading below 1.21 more early that Monday. The deadline for an agreement on the European Union budget and the coronavirus recovery fund is today, before Thursday’s summit, with Poland and Hungary threatening to veto the package on account of the clause linking the access to funds in accordance with the rule of law.

Still close to its lowest point in about two and a half years, the DXY index was trading around 91. The dollar remains under strong pressure on account of the increase in risk appetite. The pandemic far from being controlled and a payroll report disappointing last week could cause the Fed to maintain interest rates low interest rates and that Congress accelerate the approval of a new stimulus package.

Gold was falling earlier, but reversed losses to be traded in an increase of almost 1.5%, above USD 1850 an ounce. In the USA, lawmakers are working on a new USD 908 billion bill. The metal should get more support in the coming weeks, amid rising inflation expectations, increase in coronavirus cases, continued dollar weakness and market stagnation of the USA.

The Dow Jones and S&P 500 were down and moved away from high records recorded last week, while the Nasdaq reached a new record high, rising just over 0.6%.

In Europe, exchanges were also falling, with O DAX 30 and FTSE MIB falling just over 0.2% each, while CAC 40 and IBEX 35, more than 0.5%. Investors are concerned about the possibility of new U.S. sanctions on China and the increase in coronavirus cases worldwide. On a more positive side, data economic data showed that industrial production in Germany grew more than the in October and China’s exports reached an all-time record in November

December 04, 2020

Up again, although less expressive compared to the last three days, the euro was trading around 1,217 this Friday, very close to the maximum the previous day. The currency was supported by the disposition demonstrated by Poland in Find a solution that allows an agreement to be reached on the package stimulus of 1.8 trillion euros. The announcement came after Commission officials European Union informed that there would be a form of cooperation between the other 25 countries, in case Poland and Hungary maintained their vetoes to the stimulus package. With Regarding economic data, there was a greater than expected growth in the orders to German industries; in addition, PMI data preventing a contraction at a slower pace in Eurozone buildings.

In contrast, the DXY index continues to be pressured by progress regarding the coronavirus vaccine, low interest rates and signs of progress for fiscal stimulus in the US and was trading below 91 today, moving towards its third consecutive week of decline.

Earlier, gold came close to the important USD 1850 level, but lost strength and it was trading around USD 1835 an ounce. Despite this, metal walks for its first week of discharge after 3 consecutive weekly falls.

Despite the worse-than-expected payroll report, US indices were up, with the Dow Jones, the S&P 500 and the Nasdaq rising 0.6%, 0.7% and 0.2% respectively. On Thursday, the US recorded a new record of 217,000 new coronavirus infections, while Pfizer expects to ship half the doses that had been planned for that year due to unexpected raw material problems.

In Europe, exchanges were also on the rise, with DAX 30, CAC 40, FTSE MIB and the IBEX 35 rose 0.15%, 0.4%, 0.7% and 0.6% respectively. The prospects for a large stimulus package in the US improved market sentiment, but still there are many uncertainties regarding a post-Brexit trade agreement.

With fewer people looking for jobs, the US unemployment rate has dropped to 6.7% in November 2020, below the forecasts of 6.8%; last month, the rate was 6.9%. The total number of unemployed people fell to 10.7 million (drop from 326 thousand).

Below forecasts of 469,000, the US added just 245,000 jobs in the month from November; in the previous month, that number was 610 thousand. It is the smallest number since the labor market started to recover from the record drop of 20.5 million. There was drop in government employment and retail trade; in the areas of transportation and storage, professional and commercial services and health increased. At prospects for the labor market remain challenging, as infections by coronaviruses continue to increase and more states have introduced restrictive measures, while the new stimulus bill that would support millions of Americans has not yet been approved.

December 03, 2020

Extending the high for the third consecutive day, the euro to the region of 1.21750. AN common currency remains supported by the dollar’s weakness amid a risk-free increase appetite with news about the coronavirus vaccine and signs of progress in the US fiscal stimulus.

On the other hand, the DXY index continues to fall sharply, reaching below the level of 91 by first time since April 2018. Low interest rates and debt growth of the US leave room for a continued fall in the dollar. Gold prices were also down about 0.3%.

Wall Street was on the rise, with the S&P 500 and Nasdaq reaching new highs. THE House Speaker Nancy Pelosi and Senate minority leader Chuck Schumer called for negotiations and said the USD 908 bipartisan stimulus plan billion proposed earlier in the week could be the basis for the discussion. Concerning pandemic, the US surpassed a record 100,000 hospitalizations and new infections reached 200,000 on Wednesday, the second highest daily rate of all time, with LA asking people to stay at home, although retail businesses continue open.

In Europe, indices were down, with CAC 40 and IBEX 35 falling by around 0.2% each and the DAX 30 almost 0.5%. On Wednesday, the United Kingdom became the first country in the world to authorize the Pfizer / BioNTech coronavirus vaccine, making it available from next week, while elsewhere in Europe there must be a decision on vaccinations. On the macro front, Markit Services PMIs Europe showed that the new restriction measures led to another contraction in the service sector.

The number of Americans who filed for unemployment insurance dropped to 712 thousand in the week ended November 28, well below the expectations of the 775 mi market. The previous week’s revised level was 787,000. Still, the Initial orders remained well above pre-pandemic levels amid growing cases of COVID-19 and new blockages across the country. On a non seasonally adjusted, the number of orders fell to 714 thousand, against 836 thousand in previous week. In addition, about 289 thousand people requested help from the Pandemic Unemployment Assistance, which covers workers who are not qualify for initial orders, compared with 319,000 in the previous period.

December 02, 2020

EURUSD – 12/02/2020 GMT -3 – TF M5. London and NY Sessions

Change of private ADP jobs in the US at 10:15. At 12:00, testimony from Fed chairman Powell. At 12:30, crude oil stocks in the USA. At 05:40, EURUSD -0.12% and DXY 0.04%; EUR 34%, USD 67%. Weak sell trend. ATR in 63%, with projection up 1.1211 and projection down 1.2025. POC at 1.20725. Channel high. Bollinger with 445 points. Overbought in H4 and D1; Stoch above 80 in W1 and MN. Euro remains high after breaking its annual high reaching the region of 1.21 after finding support near 1.20400 earlier. At 16:53, EURUSD 0.21% and DXY -0.20%. EUR 57%, USD 33%. ATR by 103%. Indicators in H4, D1, W1 and MN in overbought.

On that Wednesday, the euro tested its highest point since April 2018, in the region of 1.21. The common currency continues to be strongly supported by a wide weakness in the dollar and increased risk appetite. Last month, the euro registered an increase of 2.5%, in amid recent progress in coronavirus vaccines, easing of measures quarantine in some European countries and hopes for a post-Brexit trade agreement.

Extending its losses further, the DXY index tested the 91 region today for first time since April 2018. The currency has been pressured by a strong recovery in other countries, low interest rates and increased debt. In addition pandemic continues to worsen in the US with new quarantine measures in several places.

After testing its lowest level in five months, gold was being traded upwards, approaching the important resistance level in the region of USD 1850 to Jaguar.

Wall Street recovered from trading in the afternoon, with indices being supported by positive updates regarding the coronavirus vaccine and prospects for additional fiscal stimulus. Pfizer’s shares rose almost 1 and a half years after the UK became the first country in the world to authorize the emergency use of the vaccine. In addition, investors assimilate the data disappointing ADP and Joe Biden’s intention not to immediately cancel the Phase 1 trade agreement with China. On the corporate side, Salesforce.com reached plummet 10% after announcing the purchase of the Slack Technologies app for USD 27.7 billion.

In Europe, the DAX 30 and the FTSE MIB closed down about 0.5% each and the IBEX 35 up 0.8%.

Eurozone’s seasonally adjusted unemployment rate fell to 8.4% in October 2020, from 8.5% revised in the previous month and moving further away from an increase of more than two years of 8.7% reached in July. The number of unemployed has decreased 86,000 compared to the previous month, to 13.825 million. Even so, Eurostat warns that the figures do not fully capture the unprecedented situation in the labor market triggered by the outbreak of COVID-19, since they are accounted for as unemployed only people who have actively sought work in recent years four weeks and were available to start in the next two weeks. There has been a sharp increase in the number of claims for unemployment insurance across the bloc, while a significant part of those who registered with unemployment were no longer actively looking for a job or were not more available to work.

According to ADP data, private companies in the US hired 307,000 workers in November 2020, down from 404 thousand in October and forecasts for 410 thousand market. It is the smallest increase in four months, since the growing number in COVID-19 infections and new quarantine measures have impacted hiring. The service sector added 276 thousand jobs, led by leisure and hospitality (95 thousand); education and health (69 thousand); professional and business (55 thousand); commerce, transport and public services (31 thousand); other services (18 thousand); and financial activities (8 thousand). For the information sector there was no job creation. The goods production sector created 31 thousand jobs, due to construction (22 thousand), manufacturing (8 thousand) and natural resources and mining (1 thousand).

December 01, 2020

EURUSD – 01/12/2020 GMT -3 – TF M5. Sessões de Londres e NY.

Disclosure of PMI and unemployment variation data in Germany at 06:00; As of 7:00 am, Eurozone CPI; at 12 pm, US PMI and speech by the Fed chairman; and at 2 pm, speech by the President of the ECB. At 05:28, EURUSD 0.31% and DXY -0.18%; EUR 61%, $ 17%. ATR by 88%, with a fall projection of 1.1979 and a fall projection of 1.1923. POC at 1.199570. Strong Buy trend. Downtown channel. Bollinger with 190 points. Overbought in M5, M15, M30, H1 and D1. At 13:30, EURUSD 0.94% and DXY -0.60%; EUR 69%, USD 16%. 203% ATR.

Recovering from the drop the previous day, the euro was trading higher on that Tuesday, around 1.198, returning close to its highest point since September. In addition to the Eurozone PMI data, sentiment continues to be supported optimism regarding the coronavirus vaccine, relaxation in quarantine in Europe and hopes for a post-Brexit trade agreement.

After recording its worst month since July, the DXY index remained under pressure today and returned to trading below 92, after a slight recovery to the region of 92.9.

Starting the last month of the year at an increase of more than 1.5%, gold was being traded around USD 1800 an ounce, after having its worst month in 4 years with the fall of 5.4% in November. The increase was supported by expectations of even more easing monetary policies by the Fed.

In Europe, the main indices were up, with the DAX 30 rising almost 1%, the CAC 40 and IBEX 35 more than 1% and FTSE MIB, about 0.3%. Investor humor continues to be driven by news regarding the covid-19 vaccine, as the Moderna also recently asked the US FDA for an emergency authorization for use of your vaccine, following Pfizer. In addition, data from China Caixin / Markit Manufacturing November PMI came in at 54.9, the highest reading in a decade, reinforcing the strong Chinese economic recovery after the impact caused by the coronavirus.

At YoY for the month of November in the Eurozone, consumer prices fell 0.3%, equal to the last two months and worse than the predicted 0.2% drop and marking the fourth consecutive month in deflation. The biggest drop was recorded in energy costs (-8.4%), followed by non-energy industrial goods (-0.3%). In contrast, the main The increase came from food, alcohol and tobacco prices (1.9%) and services (0.6%). The core of inflation excluding energy, food, alcohol and tobacco was stable at 0.2%. In a monthly basis, consumer prices also fell 0.3%.

The number of seasonally adjusted unemployed people in Germany fell by 39,000, to 2817 in November, after a drop of 38 thousand in the previous month and better than than the expected 8 thousand increase.

Wall Street was also up, with the Dow Jones rising more than 300 points or 1.1%; the S&P 500 and Nasdaq were also up about 1%, reaching a record high. Investors await Jerome Powell’s speech later. O Fed chairman stressed the importance of loan programs aimed at combat the consequences of the covid-19 pandemic on the country’s economy.

The IHS Markit US Manufacturing PMI was confirmed at 56.7 in November 2020, the even from the preliminary estimate and pointing to the strongest growth since September 2014. Overall growth was supported by faster increases in production and new orders amid a domestic market customer demand foreigners. Employment has increased only marginally, however, and pressure on capacity was exacerbated by record delays in the supply chain and shortage of inputs. Despite the short-term uncertainty reflected in the more slow, companies have shown the highest level of confidence in almost six years in outlook for production next year. In relation to prices, input prices increased sharply and production charges increased at the fastest pace in more than two years, as companies sought to pass these higher costs on to customers.

November 30, 2020

On the way to registering a monthly gain of around 2.9%, the euro was up and reached its highest level since the beginning of September this Monday. THE common currency was supported by advances in the coronavirus vaccine, relaxation restrictive measures in Europe and hopes for the postBrexit trade agreement. In the face of economic data, consumer prices in Germany had the biggest drop in almost six years in November, while Italy remained at deflationary territory for the seventh consecutive month.

Losing even more strength, the DXY index tested the region of 91.70, its lowest point in more than two years, while the pandemic continues to worsen, which highlights the need for more stimulus to support the short-term economic recovery of USA. The Federal Reserve is expected to inject more money into the economy, expanding its purchase program for bonds and ultra-cheap loans to banks. The fall of the dollar it has also been supported by a recent increase in risk appetite. The currency, in the month of November is expected to record its biggest monthly drop since June, at around 2.5%.

Extending the drop for the second consecutive session, gold was being traded in the region of USD 1770 an ounce today, its lowest level since July 2nd. Names of November, metal is on track to record its biggest monthly drop since November 2016, of about 5%.

Wall Street was down, with the Dow Jones down about 1.2%, the S&P 500 down 0.7% and the Nasdaq, approximately 0.5%. However, in the month, the Dow Jones should record its biggest increase since 1987; about 12%. The S&P 500 and Nasdaq must record monthly increases of around 10.8% and 11.7%, respectively. On Sunday, USA reported nearly 139,000 new coronavirus infections and the leading specialist in infectious diseases in the country, Anthony Fauci said the country may have an increase sudden increase in the number of cases in the weeks following the Thanksgiving holiday.

In Europe, exchanges were also falling, with DAX 30 falling just over 0.1% and other important indices falling more than 1%. However, for the month, the indices they must close in the positive.

Contracts for home ownership in the USA increased by 20.2%, after a 20.8% increase in September, as mortgage rates and mortgage homes for sale remain at historic lows. At the same time, sales of pending homes fell 1.1% compared to the previous month, below forecasts gain of 1% and marking the second consecutive month of declines, since the demand decreased due to high prices and low availability

November 27, 2020

On that Friday, being traded at a slight high around 1.193, the euro remained close to its highest level in more than 12 weeks at 1,194 reached the day before, while investors assimilate the easing of quarantine measures in several European countries, although Germany has announced an extension of the measures its territory, as well as AstraZeneca’s need to assess the effectiveness of its vaccine. In addition, talks about Brexit continue. Michel Barnier, negotiator European Union, said at a meeting that it still cannot say whether a new trade agreement with the UK will be ready in time. Anyway, Barnier goes to London over the weekend to continue face-to-face negotiations.

Slightly lower, the DXY index continues to trade below the important level of 92, still pulled by the recent general increase in risk appetite.

After a low volatile Thursday, gold continues to fall today, being traded in the region of USD 1.178 or around -1.6%, still close to levels seen by the last time in July. The metal is on its way to its third consecutive week of down, as the recent increase in risk appetite is driving investors into assets riskier.

In Europe, the stock exchanges were up, with the DAX 30 rising about 0.2% and the CAC 40, FTSE MIB and IBEX 35 just over 0.5% each.

Wall Street was also on the rise in the Thanksgiving holiday return for a shorter session this Friday, with the Dow Jones and the S&P 500 rising about 0.5% each and Nasdaq, about 0.8%. The day before, the US recorded more than 110 thousand coronavirus infections, the lowest number in almost 2 weeks.

November 26, 2020

Earlier, the euro tested the region at 1,194, its highest point in about 12 weeks, to then lose strength and be traded below 1.19, after the minutes of the meeting of the ECB indefinitely that the central bank’s decision to announce a recalibration of its monetary policy was not unanimous. In the face of economic data, the morale of the German consumer came weaker than expected, hampered by the growing number of covid-19 cases and quarantine measures in the country.

Breaking important support in the 92 region, the DXY index may still face further devaluation, as the labor market strongly affected by the pandemic raised speculation regarding further monetary easing or additional stimulus for the government. With the pandemic far from being controlled and new quarantine measures being implemented in the country, requests for unemployment insurance were worse than if expected. At the same time, the flight from the dollar to riskier assets in the midst of a growing optimism that the coronavirus vaccine will be available soon and a recent reduction in uncertainties regarding the outcome of the North American presidential elections, open space for a continuation in the fall of the dollar.

Holding just above the support level in the region of USD 1800 an ounce, gold it was slightly up today. However, the metal is in a week of decline, amid the vaccine progress and a seemingly smooth US power transition.

In Europe, stock exchanges were slightly down after the minutes of the meeting were released of the ECB’s monetary policy. Yesterday, German Chancellor Angela Merkel said the country will extend the quarantine measures imposed at the beginning of the month until the 20th of December, as the number of covid-19 infections remains high. Investors now seek to assimilate the news of the AstraZeneca vaccine about an error in dosage and the minutes of the Fed’s FOMC, which showed that the bank discussed increasing asset purchases.

Most ECB staff agreed that there was a need to recalibrate the ECB monetary policy instruments when they meet in December, but warned that the center should not pre-commit to specific policy actions, showed the minutes of the October meeting. At the same time, policymakers considered the existing stimulus measures effective, but questioned the possible side effects and “diminishing returns” in an environment of high uncertainty and very favorable financial conditions. Overall, members felt that the risks around the growth outlook were clearly tilted to the side negative, while global inflation should remain in negative territory for longer than than forecast in the September projections.

November 25, 2020

Before some gains gained to be traded in the 1,188 region, the euro tested a 12-month high at 1,192 this Wednesday, supported by a relaxation in measures restriction in Europe, hopes that a coronavirus vaccine is available soon and optimism about a trade deal after Brexit. Ursula von der Leyen – president of the european commission – told the european parliament that negotiators are doing everything possible to reach an agreement with the UK and that the next few days would be decisive. He also said that the bloc is prepared to a scenario without agreement. Investors also publish a monetary policy statement of the ECB tomorrow, in which further monetary easing is expected.

Also supported by the vaccine news and the seemingly power transition normal, the DXY index reversed recent losses and was trading in the region of 92.2 earlier. In addition, hopes for more fiscal stimulus increased the risk investors’ appetite. In any case, the dollar remains close to 2018. Investors also await the minutes of the FOMC meeting.

After reaching its lowest point in 4 months in the previous session, gold was virtually unchanged in the region of USD 1814 an ounce. The metal recorded a drop of 3% in the last two days and the downward trend is expected to continue, due to the risk appetite increasing.

On Wall Street, the Dow Jones and the S&P 500 were down slightly after the first it passed the 30,000 point mark the day before. Nasdaq was up about 0.5%.

In Europe, on the other hand, hikes were registered in the main indices after a volatile session. The previous day, exchanges reached 9-month highs. Coronavirus infections in continent continued to rise, although the rate in some countries like France, the UK Kingdom and Italy have shown signs of deceleration. The DAX 30 was on a high just over 0.1%; IBEX 35 and CAC 40 of about 0.35%; while the FTSE MIB’s more than 0.8%.

In France, the number of people registered as unemployed has dropped in October, falling by 56.6 thousand in relation to the previous month. Despite the recovery, the number remains well above pre-pandemic levels. The number unemployment among people aged 25 to 49 fell 38.5 thousand to 2107 million; in between young people, the drop was 12.1 thousand, to 0.485 million; for people over 50, the decrease was 6.0 thousand, to 0.958 million. Compared to October 2019, the number of people registered as unemployed rose 224.4 thousand.

In the USA, the number of people who filed for unemployment insurance increased to 778 thousand in the week ending November 21; the level of the previous week was 748 thousand and expectations were 730 thousand. It was the highest number in five weeks, with the increase in covid-19 cases and new quarantine measures cross country. In addition, more than 312 thousand people applied for unemployment assistance Pandemic. This assistance is intended for workers who have not qualified for initial claims for unemployment insurance.

With the Thanksgiving holiday approaching and millions of Americans traveling, new cases of covid-19 continue to grow in the USA. On Tuesday, it was registered 172935 new cases, up from 171462 on Monday and 2146 deaths, the highest since May 6. The number of hospitalizations (88000) also reached a new record for the fifteenth consecutive day, which led to cancellations and delays in medical procedures in several hospitals.

November 24, 2020

After sinking around 1000 points during a NY session yesterday, after testing the 1.19, the euro rebounded earlier this Tuesday and was being traded in the region of 1,187, supported by better-than-expected economic data. Dice German GDP in the third third treatment a better recovery than the expectations of Europe’s largest economy; added to that, business morale, both in Germany and France, it deteriorated less than expected, despite the new quarantine measures.

With the increase in risk appetite after the US General Services Administration recognized Joe Biden as the winner of the presidential election and with Trump asking agencies to start the power transition, the DXY index fell back to the region 92.3. News that Biden chose former Fed chairman Yellen for the position of Treasury Secretary also encouraged investors.

Extending the fall that started yesterday, gold fell for the second consecutive session, reaching the region of USD 1802 an ounce, its lowest level since July 16, with the risk appetite rising amid news about vaccine progress coronavirus and signs of a normal US power transition.

Wall Street was on the rise, with the Dow Jones reaching a new record high after go up more than 400 points; the S&P 500 was up almost 1.5% and the Nasdaq almost up 1%. Despite the optimism about a calm transition of power in the USA and about the coronavirus vaccine, the rate of new infections in the country has gone up again, adding 169,000 new cases on Monday.

In Europe, exchanges were also on the rise, with the DAX 30 just over 1% for test your highest level in two months. CAC 40 was up more than 1%; O IBEX 35 of about 1.8%; and the FTSE MIB of more than 2%.

The Ifo Business Climate indicator for Germany fell to 90.7 in November 2020 a revision of 92.5 in the previous month, still remaining above the expectations of the market of 90.1. Companies have become more pessimistic about their developments in the coming months after the imposition of more restrictive measures efforts to contain the spread of the COVID-19 pandemic, while its assessments of current situation were also slightly worse. Sentiment deteriorated among service providers (-3.1 vs 3.8 in October), merchants (-4.0 vs -0.2) and builders (-0.1 vs 0.3). Meanwhile, trust between manufacturers has improved slightly (3.5 vs 1.5).

November 23, 2020

With optimism about an effective vaccine against covid-19 driving demand for riskier currencies, the euro hit its highest point in two weeks in the morning of this Monday, in the region of 1.19, reached its highest level in two months in 1,192. It was announced by AstraZeneca and Oxford University that its vaccine could be 90% effective in providing immunity against coronavirus and that for those who were treated with the vaccine there were no records of hospitalizations or severe cases.

In contrast, the DXY index tested the region of 92,036, its lowest level since September. Anyway, despite the optimism regarding the vaccine against coronavirus, concerns about the growing number of infected and new restriction continue to highlight the need for more stimulus to support the short-term economic recovery, which also exacerbates concerns about the increase in debts.

For the fourth consecutive session, gold remained below USD 1870 an ounce, as optimism about the vaccine is driving riskier assets. However, the pandemic is still far from being controlled. The number of infected people worldwide comes close to 60 million, with 12 million cases in the US and the number new daily infections reaching close to 200 thousand.

Also supported by the hope that a vaccine will be ready soon, Dow Jones and the S&P 500 were up this weekend; Nasdaq was wavering between gains and losses. On Saturday the FDA granted an emergency clearance for treatment with Regeneron antibodies. In addition, vaccination is expected to against coronavirus in the US starts in less than three weeks, said Moncef Slaoui, chief of Operation Warp Speed. On Sunday, more than 83,000 people were hospitalized in the country, which marked the 13th consecutive day that the US broke his record of new hospitalizations; the number of new infections, however, has decreased during the weekend.

In Europe, exchanges were up earlier, but reversed gains and were trading near their opening level later.

IHS Markit Eurozone Services PMI dropped in November 2020 to 41.3, its level lowest in six months, from 46.9 in the previous month and below expectations of the 42.5, showed a preliminary estimate. The most recent reading pointed to an acceleration in the decline of service activity, amid renewed efforts to contain the spread of the coronavirus pandemic. The new businesses placed in service providers have collapsed in a way not seen since May, with the hotel, travel and customer service companies reporting a demand especially weak. At the same time, employment fell at a faster rate and outstanding business contracted sharply. With respect to prices, the costs of inputs rose less in six months, while deflation of production charges deepened. Looking ahead, service providers are more optimistic compared to the year that begins amid encouraging development news vaccines in recent weeks.

The IHS Markit US Services PMI rose in November 2020 to 57.7, from 56.9 in the month previous year and easily exceeding expectations of 55.0, showed an estimate preliminary. The most recent reading signaled the most pronounced expansion in production since March 2015, driven by the fastest increase in new orders since September 2018 and the biggest job growth since data collection started in October 2009. In relation to prices, input costs increased at a steady pace record high due to higher supplier prices and wage growth. The companies managed to partially pass on the higher costs to customers, however, due to through a record increase in research on production charges. Looking at the In the future, business optimism was the strongest since May 2014, also due to the hopes for a vaccine against COVID-19 and an end to electoral uncertainty.

IHS / Markit US Manufacturing PMI jumped from 53.4 in October to 56.7 in November 2020, surpassing the market forecasts of 53. The reading pointed to the expansion strongest in manufacturing activity since September 2014, amid a sharp increase in production, largely driven by a notable increase in the volume of new business as demand conditions improved. In addition, the increase in production was the fastest since March 2015 and new export orders also recovered, but job creation has slowed despite the increase in strongest in back orders since August 2014. The price inflation rate of inputs had the fastest increase since October 2018, as demand for inputs increased again and amid a record deterioration in performance of the Supplier. Higher suppliers’ prices were passed on to customers, in part, through the sharpest increase in prices in more than two years. Finally, the business confidence reached its strongest point since February 2015.

November 20, 2020

Amid concerns about increased coronavirus infections and new measures quarantine measures being implemented worldwide, the euro was falling in that Friday and was trading in the 1.1886 region earlier. At the same time, European Union leaders have made no progress in resolving a dispute whose To unlock would be to unlock a budget of 1.8 trillion euros and a package of recovery for the economy affected by the pandemic; any expected development in relation to Brexit, since they were suspended after one of the members tested positive for Covid.

In turn, the DXY index reversed some losses and was trading near from its opening point in the region of 92.3. Uncertainties regarding new stimuli US economy grows, after Treasury Secretary Mnuchin said he would let the Fed’s emergency lending programs expire by the end of the year. With the pandemic far from being controlled and new quarantine measures in the country, the dollar is on track to record its second consecutive week of decline.

Earlier, gold was being traded virtually unchanged from the closing of the previous day, in the region of USD 1867 an ounce, also on the way to record its second consecutive week of decline.

On Wall Street, the Dow Jones and the S&P 500 were down today, while the Nasdaq recorded some gains, with statements by Treasury Secretary Mnuchin and the constant increase in coronavirus cases worrying investors. The USA recorded a new record on Thursday of 188,000 new infections and number of deaths exceeding 2,000, the highest since May. In both California and Ohio, Governors imposed night curfews at meetings. At a more positive, Pfizer and BioNTech said they will apply for emergency his virus vaccine to the Food and Drug Administration on Friday.

In Europe, after a falling login, exchanges reversed losses in were on the rise, cutting the two days of fall. The DAX 30 recorded an increase of 0.4%. Concerns about the increase in COVID-19 cases have increased, with the European Commission President Ursula von der Leyen, saying vaccines for COVID-19 could be approved before the end of the year. CAC 40 was on a high 0.4%, while FTSE MIB and IBEX 35, about 0.7% each.

Eurozone consumer confidence indicator data showed a decline 2.1 points from the previous month to -17.6 in November 2020, the lowest since May; market expectations were -17.7 amid rising cases of COVID-19 and new quarantine measures in the region. Considering the European Union as a Overall, consumer sentiment fell by 2.2 points to -18.7. Both indicators were well below their long-term averages of -11.2 (Euro Area) and -10.6 (EU).

November 19, 2020

On that Thursday, the euro dropped by 0.3% and was being negotiated in the region of 1,183, since the new cases of COVID-19 and measures of quarantine in the world decreased the risk appetite in general. Germany recorded a Number of 22,600 new cases, which was one of the largest daily files since the beginning of the pandemic in March, while France had an increase of 28.4 thousand new cases, leaving the country in fourth place among the most affected in world. In Italy and Spain the number of cases has also continued to grow in a fast pace. In addition, European leaders are meeting in Brussels and it is expected the European Commission to launch a new emergency non-agreement if an agreement with the UK does not close until tomorrow. With respect economic data, construction production in the Eurozone has returned to the territory of contraction in September, since the resurgence of coronavirus cases has again affected the economy.

After reaching its lowest point in almost 2 years earlier this month, the DXY index was up today, reaching around 92.6, supported by by the increase in global cases of coronavirus and new restriction measures. On Wednesday, the US registered more than 170,000 new cases, this being the second largest daily number, while the number of deaths exceeded 250 thousand; the number of hospitalizations also reached a new record. On Thursday, NY public schools will close and new restriction measures will be implemented in Kentucky, Minnesota and Wisconsin. Anyway, the dollar’s gains were limited by the lack of a new fiscal stimulus package, new speculations about monetary easing and concerns about rising debt.

Close to levels not seen since July 21, gold prices were being traded below USD 1860 an ounce, with increased optimism that a vaccine against coronavirus will be available soon. AstraZeneca / Oxford followed Moderna and Pfizer / BioNTech reporting positive news about their Covid-19 vaccine. Even so, the prospects for more economic aid with the increase in coronavirus cases continue to increase the metal’s appeal as protection against inflation.

On Wall Street, the Dow Jones dropped more than 100 points today, extending losses for the third consecutive day, with the growing number of infected by coronavirus and disappointing unemployment insurance claim data weighing on the vaccine news. Meanwhile, the S&P 500 oscillated between profit and loss and the Nasdaq was on the rise, driven by technology stocks.

In Europe, exchanges closed in the red, with the DAX 30 falling 0.7%. Ahead corporate, Thyssenkrupp fell 3.2% after saying it needs to cut 11,000 jobs to ease the impact of the COVID-19 crisis. CAC 40 fell by about 0.5%, while FTSE MIB and IBEX 35 fell by 0.2% each.

US sales of used homes in October grew unexpectedly 4.3% in compared to the previous month, to 6.85 million units, exceeding the forecasts of the a drop of 1.2%. It is the highest reading since November 2005, supported at record low interest rates and as home sales.

suburban remain strong as people try to move out of big cities due to the coronavirus pandemic. The average price of a used home was USD 313,000, almost 16% more than in October 2019. The total housing stock fell from the previous month and a year ago to 1.42 million, enough to last 2.5 months at the current sales pace. “With the news that a vaccine against COVID19 will be available soon, and with mortgage rates projected to revolve around 3% in 2021, I expect market growth to continue in 2021 “, said Lawrence Yun, chief economist at NAR. Yun predicts that sales of used homes increase by 10% to 6 million in 2021.

In the week ending November 14, there was an unexpected increase in the number of Americans who filed for unemployment insurance to 742 thousand; expectations were 707,000, while the figure for the previous week was 711 thousand. It was the first increase in initial orders in over a month. In addition, more than 320 thousand people applied for assistance under the Unemployment Assistance scheme Pandemic, which serves workers who do not qualify for initial orders, before 296 thousand in the previous period.

November 18, 2020

The closest to its highest point of the week in the 1.1894 region, the euro was being traded around 1,189 this Wednesday, amid the broad weakness of the dollar and Concerns about the increase in the number of infected with coronavirus and new measures quarantine across Europe. On Tuesday, the ECB president said during a event that an effective coronavirus vaccine will not fundamentally change as central bank benefit projections, since a medical solution has already been considered in the varieties. With respect to economic data, records of new passenger cars in the EU fell back into negative territory in October, with several governments re-imposing restrictions.

Extending the decline, the DXY index was trading around 92.4, remaining close to 2018 levels, also amid an increase in the number of infected in the USA, new restriction measures in various regions of the country and the possible need for more fiscal stimulus.

Still below the USD 1900 an ounce region, gold continues to fall, as progress regarding an effective vaccine against coronavirus has brought some optimism about the global economic recovery. However, the prospects for more stimuli may continue to strengthen the demand for the metal.

Wall Street was up today, with the Dow Jones up 50 points, as hopes that a coronavirus vaccine will come out soon are rising. THE Pfizer and BioNTech said a final analysis of the data concluded that their vaccine against coronavirus was 95% effective in preventing Covid-19 and will request a emergency US authorization for your vaccine within a few days. The USA registered 161,900 new cases on Tuesday, the third highest daily rate since the beginning of the pandemic and there were 1,700 deaths, the highest number since May, according Johns Hopkins. Better than expected profits from Lowe’s, Target and TJX they also improved investors’ spirits. Nvidia is also expected to present a report today. Meanwhile, Boeing’s stock soared more than 1% after the The US Federal Aviation Administration released its 737 Max to fly again. O S&P 500 and Nasdaq were up approximately 0.3% each.

In Europe, exchanges closed higher, with DAX 30 rising 0.5%. News positive corporate results came from Ubisoft (+ 1.8%) and Micro Focus International (+ 31.2%), while disappointing quarterly results were reported by Schaeffler (-5.3%) and Maersk (-1%). Meanwhile, investors remained concerned about the increase coronavirus infections across Europe, after France hit the milestone 2 million and the UK reported the biggest increase in daily deaths from COVID-19 since May 6. CAC 40 and IBEX 35 were up about 0.5% each; the FTSE MIB about 0.85%

Eurozone consumer prices fell by 0.3% compared to the previous year, in October 2020, equaling the fall of the previous month, which was the sharpest since April 2016. Prices fell for both energy products (-8.2%, the same as in September) and non-energy industrial goods (-0.1% vs -0.3%). At the same time, service inflation decelerated from 0.5% to 0.4%, while food prices,alcohol and tobacco rose at a faster pace (2.0% versus 1.8%). The core of annual inflation, which excludes volatile prices for energy, food, alcohol and tobacco and for which the ECB analyzes its policy decisions, was unchanged at 0%, the lowest ever registered.

Construction data for new homes in the US jumped 4.9% to an annual rate seasonally adjusted figure of 1.53 million units in October 2020, from 1.599 million revised upward in the previous month and exceeding market expectations of 1.46 million. It is the highest reading since February, with the construction of new houses households rising 6.4% to 1.179 million, while the volatile multifamily segment fell 3.2% in 334 thousand. New construction increased in the South (12.9% to 859 thousand), West (4.2% to 374 thousand) and the Center-West (3.3% to 219 thousand), but 38.6% to 78 thousand in the Northeast.

November 17, 2020

Extending gains from the previous session, the euro reached its highest level in a this Tuesday, in the region of 1,888, driven by the demand for currencies riskier amid hopes of a coronavirus vaccine is available soon. At the same time, news that Hungary and Poland blocked the applicable EU EUR 750 billion coronavirus stimulus package concerns about the region’s economic recovery. The two Eastern countries European said they would veto the bill because there is a condition that states that countries under the rule of law to have access to money.

In turn, the DXY index lost strength and fell to test the 92.4 region, as the increase in COVID-19 cases in the country highlights the need for fiscal stimulus to support the economic recovery. Despite the bets on a package of minor aid under the Biden administration, investors are concerned that the rising debt levels could drag the economy and probably weigh on the currency

Since November 9, gold prices have been trading below USD 1900 an ounce, with progress in the coronavirus vaccine bringing more optimism for the recovery of the global economy.

Wall Street was down today, with the Dow Jones sinking around 300 points (- 1.00%) and the S&P 500 falling close to 0.6%, falling from the records achieved in the session previous. The decline was mainly driven by the disappointing results of the October retail sales and the growing numbers of new ones infected by coronavirus. New Jersey, California, Iowa and Ohio announced new restriction measures and reinforced the need to use facial coverings, at a time when more than 1 million cases were confirmed in less than a week in the United States. Nasdaq, however, traded on the green. On the corporate front, Home’s earnings Depot, Kohl’s and Walmart exceeded estimates.

In Europe, stock exchanges were mostly falling after reaching the highest level in 8 months in the previous session. The DAX 30 was down 0.6%, while others important indices fell between 0.1% and 1.2%.

October industrial production in the USA grew by 1.1% over the previous month, recovering from a revised 0.4% drop in September and just above the 1.0% forecasts. The index recovered much of its 16.5% drop in February to April, but production in October was still 5.6% lower than its level before the pandemic. Industrial production increased by 1.0% and the production of public services increased by 3.9%, while production in the mines decreased by 0.6%. Industrial production total was 5.3% lower in October than in the previous year.

US retail sales in October grew by 0.3% over the previous month, after a revised downward 1.6% gain in September and below forecasts for a 0.5% increase. Sales at automotive vehicle dealerships (0.4% vs 2.9%) and gas stations (0.4% vs 2%) increased at a slower pace, while sales decreased in furniture stores (-0.4% vs 0.6%); food and beverages (-0.2% vs 0.2%); health and personal care (-0.1% vs 1.3%); clothing (-0.2% vs 13.6%); articles.

Sports, hobby, musical instrument and book (-4.2% vs 8%); merchandise stores in general (-1.1% vs 1.7%); several retailers (-0.9% vs 1.1%); and food services and drinks (-0.1% vs 2.4%). In contrast, sales rebounded in electronics and household appliances (1.2% vs -1.1%) and increased more rapidly at retailers construction material (0.9% vs 0.4%). Retail sales may fall further in the coming months amid new restrictions to curb the spread of coronavirus, besides that the government unemployment benefit programs are about to expire.

November 16, 2020

On a day of little news of high volatility, euro starts the week on a high. At 10:00, speech by ECB President Christine Lagarde. At 05:50, EURUSD 0.27% and DXY -0.29%; EUR 47%, USD 11%. ATR by 53%, with projection up 1.1897 and projection down 1.1808. POC at 1.18485. DR2 Strong Buy trend. Bollinger with 290 points. High channel. Overbought in M15, M30, H1 and H4. At 14:00, EURUSD 0.08% and DXY -0.15%; EUR 27%, USD 27%. ATR by 86%. POC in 1.18405.

On a day of little news of high volatility, euro starts the week on a high. At 10:00, speech by ECB President Christine Lagarde. At 05:50, EURUSD 0.27% and DXY -0.29%; EUR 47%, USD 11%. ATR by 53%, with projection up 1.1897 and projection down 1.1808. POC at 1.18485. DR2 Strong Buy trend. Bollinger with 290 points. High channel. Overbought in M15, M30, H1 and H4. At 14:00, EURUSD 0.08% and DXY -0.15%; EUR 27%, USD 27%. ATR by 86%. POC in 1.18405.

In contrast, the DXY index reversed most of its recent losses and was being traded practically stable in the 92.7 region. Moderna reported that its vaccine against coronavirus is more than 94% effective in preventing the disease, another positive sign that a functional vaccine against the virus may be available soon. With that, Moderna joins Pfizer / BioNTech, which announced last week a vaccine that is 90% effective. Meanwhile, the US has overcome 11 million infections in the Sunday and states tightened restrictions with Michigan suspending education in the place and meals in bars and restaurants. In Washington, gyms, cinemas, theaters and museums will be closed and meals in indoor restaurants are also prohibited. At last week, the dollar rose about 0.6% after Joe Biden was declared the winner of the US presidential election.

Also amid an increase in risk appetite due to news about a vaccine against coronavirus, gold was trading lower today around USD 1876 ​​an ounce. Anyway, in a fundamental analysis of metal, the prospects more stimuli around the world leave room for yet another bullish momentum.

Wall Street was up today, with the Dow Jones up more than 300 points and the S&P 500 about 1%, amid optimism about the coronavirus vaccine. The Nasdaq it also reversed recent losses to trade slightly higher. Investors also celebrated an important trade agreement signed over the weekend, which includes China, Japan, South Korea and 12 other countries.

In Europe, exchanges were also on the rise, with the DAX 30 rising more than 1%. The stock markets gained momentum due to the positive sentiment of their Asian peers, after 15 economies in the Asia-Pacific region signed the largest trade agreement in the world with the aim of reducing tariffs. In addition, China’s industrial production and Japan’s GDP growth in the third quarter came better than expected, raising hopes for a strong global economic recovery. CAC 40 and FTSE MIB rose more than 1.5%, while the IBEX 30, 2.3%.

China’s industrial production grew by 6.9% over the year in October 2020, unchanged from the nine-month high of the previous month and above market expectations of 6.5%, as activity continues to grow recover from the impacts of the COVID-19 pandemic. Production increased for manufacturing (7.5% against 7.6% in September), mining (3.5% against 2.2%) and public services (4.0% against 4.5%). Among the main industries, production grew for machines (17.6% vs 15.9%), general equipment (13.1% vs 12.5%), chemical products (8.8% vs 7.5%), communication (5% vs 8%), ferrous metals (11.2% vs 9%), non-metallic minerals (9.3% vs 9%), energy equipment (3.6% vs 4.2%) and textiles (9.5% vs 5.6%). In the first ten months of the year, industrial production grew 1.8%.

Result of the day: USD 23.82

Operations in oversold and overbought regions; points of interest in the volume profile and cumulative delta, following PVA Alert and following the template orderflow. I still have some operations open.

October 28, 2020

Extending a drop that started yesterday afternoon, the euro was moving in towards the region of 1.17 on Wednesday, while France is expected to announce a new national quarantine and also with Germany considering a way of “Light quarantine”. At the end of the day, a German Chancellor Merkel must hold a meeting of emergency with regional leaders and as advance news who are planning such quarantine, which would focus mainly on closing bars and restaurants.

With this new wave of risk aversion, the dollar strengthened today and was being traded in the 93.6 region, its highest point in over a week and a half. The Covid-19 cases and hospitalizations are increasing in the US and European countries are tightening their restraint measures to stem the spread of the virus. Beyond In addition, uncertainty about the outcome of the US presidential election next week is pressing the dollar. Joe Biden is leading the research, but four years ago polls proved to be wrong and Donald Trump won the election.

Again pressured by an even stronger dollar, gold was falling, being traded below USD 1900 an ounce. However, the metal remains close to its highs records, as the coronavirus pandemic continues to strongly affect the global economy, which has led central banks around the world to launch unprecedented stimuli. In times of uncertainty, investors flee to gold in order to protect themselves from inflation and currency devaluation.

Wall Street widened its losses and was trading near levels not seen at 4 weeks, amid growing concern about the impact of the pandemic on the economy and also with the presidential elections getting closer and closer. The Dow Jones plummeted about 850 points, heading for its fourth consecutive fall session; the S&P 500 and the Nasdaq fell about 3% each. The USA reported 73,240 new cases and 985 deaths in the Tuesday. In addition, hospitalizations are increasing and the average of 7 days of new cases is at the highest levels since the pandemic began. On the corporate front, profits data released after closing on Tuesday easily outperformed estimates. The earnings of GE, Blackstone, Boeing and GSK were also better than the expected, while Mastercard disappointed. Gilead Sciences and Visa should also submit your reports today.

Also in a sharp drop, European indices extended their losses for the third session consecutive, with the DAX 30 reaching 11674, its lowest intraday level since 15 June. The number of coronavirus cases continues to increase and more countries are strengthening restrictions. In France, President Macron is expected to announce further restrictions during a speech that will be broadcast on television to the country at the end of the day; a report said that the government was considering a national month-long blockade. In the Czech Republic, one night curfew takes effect today. On the corporate front, Deutsche Bank returned to profit in the third quarter, exceeding forecasts. CAC 40 plunged more than 3%, as well as the FTSE MIB, while the IBEX 35 fell just over 2.5%.

The US trade balance of goods declined to USD 79.37 billion in September from USD 83.1 billion in August. Exports increased 2.7%, to USD 122 billion, driven by sales of capital goods (3.6%), consumer goods (1.3%) and automobiles (2.5%), while industrial supplies, including oil, fell 0.8%. Imports fell 0.2% to USD 201.4 billion, with purchases of consumer goods (- 4%) and industrial supplies falling 4.6%.

WTI oil futures remained under heavy pressure, falling more than 5% and were trading around USD 37.6 a barrel, its lowest level in three weeks, after EIA data showed that U.S. crude oil stocks rose 4.320 million barrels last week, above market expectations of 1.23 million barrels. The figures came in line with the API report released on Tuesday, which showed that US oil stocks increased 4.577 million barrels in the week ended October 23. Pressuring prices even further, concerns about the recovery of fuel demand, since the number of Global coronavirus infections continue to increase, which has led several countries to impose new restrictions and the resumption of oil exports from Libya. Meanwhile, the energy companies prepared for Zeta, the 11th hurricane of the season, as it entered the Gulf Coast of the United States.

October 27, 2020

Starting a week down 0.4%, the euro was trading in the region of 1.18 earlier this Monday, as foreign investors abandoning more currencies risky and turning to safe havens amid an increase in coronavirus cases in the Europe and also in the USA, in addition to the lack of progress in the new stimulus package for American economy. Over the weekend, Spain and Italy announced measures stricter restrictions, which led to protests in Italy, while France and the United States The United States recorded its highest number of cases in the past two days.

In turn, the DXY index was trading higher today, in the 93 region, its highest in almost a week, as risk aversion is increasing. More than 83 thousand new cases of coronavirus were registered in the USA on Friday and Saturday, with this is a new record. Meanwhile, any evolution in the new bill is expected stimulus, although an agreement between Democrats and Republicans seems unlikely before the presidential election.

Pressured by a stronger dollar, gold prices were being traded on the USD 1900 region per ounce. On Sunday, US House Speaker Nancy Pelosi, that the Trump administration was reviewing the latest relief plan against COVID-19 in weekend and expected a response on Monday, adding that it still he was optimistic that an agreement could be reached.

Also pressured by the lack of progress in the new stimulus package and the increase in in the case of coronavirus, the US indexes were falling quite sharply. THE Dow Jones lost almost 700 points or 2.4% and was on his way to his worst session since September 3; the S&P 500 fell more than 60 points or 1.8%; and Nasdaq retreated 170 points or 1.5%.

The situation in Europe was not much different, with the DAX 30 plummeting over 3.5% to reach its lowest point in more than three months, dragged by the giant of the technology, SAP, whose shares were registering a 20% drop, which would be its worst day in 24 years. The company cut its forecast for 2020 and reported disappointing profits, with a drop in revenues and operating profit. CAC 40 was down more than 1%; the FTSE MIB of almost 1.5%; and the IBEX 35 of more than 1%.

The Ifo Business Climate indicator in Germany fell to 92.7 in October 2020, after record a seven-month high of 93.2 in the previous month and slightly below the market expectations of 93.0. Companies were considerably more skeptical about developments in the coming months, after tougher restrictions to contain the spread of coronavirus were imposed. In contrast, companies rated their current situation as better than in the previous month.

After registering a 14-year high in the previous month of 994 thousand, sales of new single-family homes in the U.S. fell 3.5% in September 2020, to an annual rate seasonally adjusted 959 thousand; market expectations were 1025 thousand. Same thus, the level of home sales remained high, since the real estate market has benefited from record low interest rates, as well as the growing demand from people who want to move from big cities because of the coronavirus. In September, sales of new homes fell in the South (-4.7% to 563 thousand), in West (-4.1% to 93 thousand) and the Northeast (-28.9% to 32 thousand), but increased in the West (0.7% to 284 thousand).

October 22, 2020

Attention to disclosure of data on initial claims for unemployment insurance at 9:30 am and used home sales at 11:00 in the USA. At 06:15, EURUSD -0.13% and DXY 0.24%; EUR 43%, USD 60%. ATR by 58%, with an upward projection of 1,189 and a downward projection of 1.1811; POC in 1,18420. Strong Selling Trend. Bollinger with 310 points. High channel. Survival in M5 and M15; Stoch above 80 in D1. Fall day for the euro. At 13:51, EURUSD -0.26% and DXY 0.31%; EUR 23%, USD 43%. 95% ATR. POC remains in the same region.

Practically unchanged, the euro was trading in the 1.185 region earlier in that period. Thursday, having tested the 1,188 region in the previous session, its highest point since September 16. Investors remain cautious pending news about Brexit negotiations and an aid package against the US coronavirus pandemic. At the same time, concerns about the spread of the virus across the continent European markets continued to increase, as well as the threat of stricter restrictions, after that Spain and France became the first Western European countries to exceed 1 million infections. With regard to economic data, the morale of the German consumer deteriorated towards the end of November and fell below the market expectations

Moving further away from its lowest point in more than a month, reaching at the beginning this week in the region of 92,474, the DXY index was trading higher today, at 92.9 region, amid uncertainty about a new stimulus package in the US. THE Mayor Nancy Pelosi and Treasury Secretary Steven Mnuchin announced a deal on Wednesday and will talk again on Thursday, increasing the chances of a deal before the presidential election, which will take place in less than 2 weeks. The dollar has been weakening since mid-May and fell close to 5% in the year amid growing optimism about the global economic recovery, especially a robust recovery in China.

Gold, on the other hand, was trading downwards in the region of USD 1900 an ounce, moving away from its highest point in a week reaching the previous session, since the dollar has been recovering a little. US Federal Reserve Governor Lael Brainard said in the Wednesday that the recovery remains highly uncertain and uneven, emphasizing the need for additional fiscal support.

The Dow Jones and S&P 500 were traded close to their opening point, while the Nasdaq was being traded down Thursday afternoon after the president House Speaker Pelosi said Democratic lawmakers and White House officials were “almost there” in a coronavirus help package, but he warned that it might take “a little while” for Congress to actually pass relief legislation. The Investors will also keep an eye on the final debate between Donald Trump and Joe Biden, in amid news that Iran and Russia are trying to interfere in the presidential election. At corporate front, Coca-Cola’s profits exceeded forecasts, while AT&T’s were in line with expectations. Tesla’s quarterly results released overnight on Wednesday also exceeded estimates. In contrast, those of Kimberly Clark were slightly below forecasts. Intel is due to report today after the closing of markets.

In Europe, stocks ended the day down by a month, with an increase in cases of COVID-19 across Europe and the lack of progress in the US stimulus negotiations. The number of infections has increased at record rates in several countries, with Spain and France becoming the first Western European countries to exceed 1 million infections. On the corporate front, better-than-expected third-quarter earnings were disclosed by the group of electrical equipment Schneider Electric SE, by the group of Unilever consumers, the Swedish bank SEB, the DNB of Norway and the producer of biofuels and oil refiner Neste. However, the results of the Swedish group of Essity hygiene products disappointed. The DAX 30 fell 0.1% to 12,543, the lowest since September 25; both CAC 40 and FTSE MIB declined 0.1%; and IBEX 35 lost 0.3%. Meanwhile, the FTSE 100 added 0.2%.

The GfK consumer climate indicator in Germany fell to -3.1 in November 2020 of a revision of -1.7 in the previous month and worse than the market expectation of -2.8. It is was the weakest reading since July, amid fears about new quarantine measures after the resurgence of COVID-19 cases in the country. The economic outlook indicator dropped 17 points to 7.1, the sub-index of income expectations dropped 6.3 points to 9.8 and the willingness to buy indicator fell 1.4 points to 37. “Consumers apparently assume that the much more active infection process in Germany will slow down the rapid recovery of the German economy previously expected “, said the expert in consumption by GfK, Rolf Buerkl.

Sales of used homes in the United States increased 9.4% over the month previous year, to 6.54 million units in September 2020, the highest since May 2006 and above market expectations of 6.3 million. It was the fourth consecutive month of gains amid record low interest rates and as people try to moving from large cities because they have a more flexible work regime due to the coronavirus pandemic. Each of the four main regions has seen increases, with the Northeast having the biggest climb. Sales in holiday destination counties saw strong acceleration since July, with a gain of 34% year-on-year in September. There were 1.47 million homes on the market, the lowest since registrations started in 1982 and 19.2% below the previous year. The average price of the existing house jumped 14.8% in compared to September 2019, for a record USD 311,800.

The number of Americans who filed for unemployment insurance dropped to 787 thousand in the week ended October 17, compared to the revised level of the previous week of 842 thousand and below market expectations of 860 thousand. Most of the drop can be attributed to California, where orders dropped to 159,000 after a 2-week break to reduce a huge backlog of orders and improve fraud prevention. No data seasonally adjusted, the number of initial orders dropped to 757 thousand, from 830 thousand in last week. In addition, more than 345 thousand people signed up for help from the Pandemic Unemployment Assistance regime, which serves workers who are not qualify for initial orders, compared to 337,000 in the previous period.

Result of the day: USD 42.80