One last pain trade before the year comes to a close?
That could very well be the case for USD/JPY as it starts to near the support region from the early November lows at 103.18-19, with the pair continuing to keep in a downwards trajectory since the middle of the year.

Latest data released by Eurostat – 16 December 2020

What did we learn? 
In the latest Bank of Canada statement they kept interest rates unchanged at 0.25% and their QE program unaltered too at $4 billion per week. The Bank of Canada recognised that the recovery was well underway and will adjust its QE purchases as required to help bring inflation back on target.

GBPUSD up higher
A little consolidation in Sunday’s gap before a lift higher for cable. Currently at 1.3354. There was no news flow for the lift. 

Via Ransquawk
Germany has imposed restrictions starting tomorrow and running through to Jan 2021

Of vaccines

Silver set for breakout?
If the Fed do ‚twist‘ tomorrow  silver could break higher out of this trend line on the daily chart. One chart to watch over the Fed meeting for sure. 

Via Reuters

Via Reuters

Final hurdle
Once/if the level playing field is resolved then that should seal the deal. Definite shift in sentiment over Brexit negotiations this am with more upbeat tones all round. Will it last? My view is that we will get there, but I am not buying the GBP on that view. Prudent action is to stay