Highlights from our monthly Monex toast to straightforward market talk—your opportunity to virtually ‘clink’ glasses with our Bloomberg top-ranked FX traders, some Monex folks, and chat currency with others interested in FX.
DECEMBER EVENT HIGHLIGHTS
- U.S. dollar at 2.5-year lows. More modest losses could be coming if Congress agrees to a pandemic relief bill which would boost risk sentiment at the cost of the greenback
- Euro weakened past our forecast and has broken above a key psychological level without any verbal intervention from the European Central Bank. The Euro’s run may be running out of steam but the common currency has gained 9% against the dollar this year, its best run since 2017 reports John Doyle
- The Sterling continues to march higher and break fresh 2.5 year highs despite the lack of a concrete post-Brexit deal. Sterling has risen 2% in the last three days even as Prime Minister Johnson says no deal is the “most likely” scenario
- British guest enlightened us on how there is still a lot of uncertainty regarding travel to Europe and work permits for U.K. citizens post-Brexit
- Bitcoin broke above 23K for the first time ever but Juan Perez doesnt want to talk about it because he missed the boat and doesn’t own any
- Juan Perez and Bryan Cohen reminisced about their time in Gibraltar which will no longer be in Europe post-Brexit. However, the runway for the airport remains in Spain.
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