A choppy day for the Buck with the earlier Sterling...

A choppy day for the Buck with the earlier Sterling-influenced impetus waning heading into the US cash open with State-side players eyeing events at Capitol Hill as expectations mount for Congress to pass an interim stopgap bill and kick the can down one week to Dec 18th, whilst the bipartisan group continues to haggle over COVID relief with liability overhaul a sticking point. Nonetheless, the Buck was propelled in early European hours from its 90.686 overnight base to a peak at 91.241 but has since the Index has lost traction to stabilise below the round figure heading into the European close. Meanwhile, tomorrow’s State-side docket remains light with Fed officials also observing the blackout period, but with focus likely to remain on Capitol Hill developments.

GBP/USD: 1.3650 Target.
Gold: 1930 Target.
DXY: 90 Target.
EUR/JPY: 129.00 Target.

Stay tuned for more posts to come this week! It will be a good week ahead!