Financial markets fluctuated wildly after Pfizer announced its effective Covid-19 vaccine last Monday. Since there are limited subjects for speculation, talking points across financial markets ahead of Thanksgiving Day remained to be the aftermath of the US election and the impact of the resurgence of Covid-19 in the US and Europe.To get more news about WikiFX, you can visit wikifx.com official website.
  With that said, however, financial markets are paying a close eye on drugmakers' potential announcements about successful vaccine development because such news will reverse the market trend. For example,an investor who shorted US dollar index futures should be alert to the retaliatory rally of the DXY in the case of another positive news on the vaccine being announced by a large US pharmaceutical company.
  There are uncertainties in financial markets, but it is inevitable to see more large drugmakers declaring effective vaccines. Such a trend will underpin the DXY at the expense of the short-term Japanese yen. With regard to gold prices, investors should balance the effects of pandemic and vaccines when speculating so as to avoid another shakeout. While speculation on the pandemic resurgence can be adopted only in the short term, that on the vaccine should be considered for a long period, which will recover economic activities.

  Although vaccines will definitely put a premium on oil prices, Biden's foreign policies and energy policies will hinder oil's long-term development. Thus it is worth repeating that investment in oil products, which is inspired by vaccines, is acceptable only in the short term, no matter profitable or not. As Biden's policies will be detrimental to oil prices in the long run, the oil may give up large of the advances and drop from the high level. In turn, investors should take the strategy of selling high for gold as its prices are expected to be bearish in the short, medium and long term.