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EMISS rises over 10% this week

Emission rights are getting pricier this week, rising on each trading session so far and reaching levels that have not been seen in 2 months. One of the reason behind the move is an increasing chance for a soft-Brexit (hard-Brexit could see UK firms selling their rights), another is declining coal price that makes it more attractive as a fuel. Looking at the chart, EMISS has entered a broad consolidation between 18 and 25.70 euros following a brisk rally from 2017 and 2018 but now the price is not far from the upper level.

BREAKING: US services rise at record pace: ISM
BREAKING: USD plunges after downbeat NFP report
Chart of the day - USDCAD (03.12.2021)
Morning wrap (03.12.2021)
Daily summary: US stocks rebound, OPEC+ sticks to production plan