News, Trends, & Analytics 03.12.2020

Great Britain ahead of everyone

Today, the focus is on Biden’s pledges not to destroy the trade deal with China, reducing unemployment in the EU, as well as the approval of the COVID-19 vaccine in the UK.



13:30 UTC

A report on the number of initial applications for unemployment benefits in the United States will be published. Forecast: 775 thousand. If the real data turns out to be higher, the USD will receive a negative impulse.

Assets to trade: EUR/USD, USD/CAD

15:00 UTC

The ISM’s US Non-Manufacturing Purchasing Managers Index will be published. A result of 56 points is expected. If the real data turns out to be higher, the USD may rise.

Assets to trade: EUR/USD, USD/CAD



Boeing has conducted successful drone tests in Australia. Affects Boeing

Joe Biden promised not to abruptly cancel the trade agreement with China. Affects S&P 500

ADP has released a weak report on US job creation. Affects USD

The unemployment rate in the EU fell to 8.4%. Affects EUR

The UK has approved the use of the COVID-19 vaccine from Pfizer and BioNTech. Affects GBP


Technical Analysis


The UK became the first country in the world to approve the use of a COVID-19 vaccine from Pfizer and BioNTech. This is undoubtedly a positive factor, but even the GBP is unable to break the uncertainty in which investors are in the issue of the results of the discussion of a trade agreement between the EU and the kingdom. There are still strong contradictions, which can mean one thing — the countries will not have time to agree before the end of the year.

Technical analysis suggests a possible decline in the GBP/USD rate. The current weekly candlestick is forming the second consecutive Doji pattern.


Australia’s latest GDP report showed that the country’s economy continues to recover. This is a powerful factor capable of driving bulls into action. In addition, a narrowing range indicates an approaching volatile period.


The currency pair has been in the narrow borders of the upward channel for too long. We recommend getting ready for a breakdown of its lower boundary.


NZD/USD on this day in history

  • Since 2000, December 3rd has been a trading day 13 times.
  • On 38% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 0.72%.
  • The downward trend was limited to 1.54%.
Related posts