Mixed news

11.01.2021

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Today the market has a mixed background. We can expect decrease in the quotes of the American currency because investors are waiting for the imminent adoption of new stimulus packages in America. The new President of the United States Biden and his Democratic Party are going to adopt fresh anti-crisis programs. Republicans won’t be an obstacle.

But the fresh stimulus will have good influence on the US stock market. It could support the Dollar/Yen pair as it has always correlated well with index S&P 500.

Investment idea: flat 103.65 -104.45.