Forex Today: Gold Eyeing $1,800 and USD Mixed

Markets are looking for a new direction after stocks tumbled and the dollar appreciated on Tuesday. Concerns about Covid-19 cases in the US and geopolitical tensions remain dominant.

After the number of cases declined on Monday, the cases of Covid-19 increased again in the United States on Tuesday. New cases exceeded 1,000 for both California and Texas, and tests for positive in Florida rose to 16%. Washington had announced that they would officially leave the WHO in 2021.

Gold is still close to $ 1,800 levels, after hitting $ 1,797 yesterday, the highest level since 2012.

Brexit: Britain has informed Germany that the UK is ready to end the transition period with no-deal. The two sides are still in dispute over trade and fisheries regulation.

AUD/USD: Faces pressures at 0.6950 with more than 100 new cases of Covid-19 Melbourne at the time of closure. Australia has warned its citizens that they may be subject to arbitrary arrest if they go to China as relations between the two countries affect Aussie.

USD/JPY is stable around 107.50 as Covid-19 cases are still high in Tokyo but hospitals are able to adapt.

Oil: Oil remains at $ 40 levels pending oil inventories numbers due for release later on Wednesday.

Cryptocurrencies are rising and Bitcoin is closer to $ 9,300