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New Covid19 strain found in the UK / Bitcoin retracts after rally - US Open 21.12.2020


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#forextrading #bitcoin #tradingsignals #daytrading

Good morning America.

What is happening in the markets today, Monday 21th of December 2020.

- European Markets took a big hit today after the UK had identified a new strain of the Covid-19 virus that is more contagious than the strain that has swept through the world this year, with most countries cutting their ties with the UK until further news.

- U.S. lawmakers finally approved a $900 billion relief package that includes $600 checks to households, and a $300 weekly enhancement for federal unemployment benefits for 11 weeks

- Crude Oil prices dropped over 5% following the news of the new Covid strain found in UK on rising concerns on supply and demand

- Gold futures tested the lows at $1860 in a shake off that took many traders by surprise following the news from UK as many traders looked for cover under the USD

- BTC gives back around $2000 over the weekend …sending the virtual currency at $22.228 after breaking all times high last week and trading as high as $24.131

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InstructFXBy Andrew Mreana