Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD is the strongest and the AUD is the weakest
USD is the strongest and the AUD is the weakest

U.S. stock markets are set to extend Wednesday’s losses when they open later, on fears that the current wave of Covid-19 cases will weigh heavily on output in the final quarter of the year.

Yen is gaining on dollar weakness
Yen is gaining on dollar weakness

Dow Jones ended lower following late-day selling Wednesday on signs of further Covid-19 restrictions in the U.S. that threaten the pace of the recovery, and an intraday reverse in Boeing. Asian bourses were mixed as the region partially shrugged-off the risk-averse mood that rolled over from US where early vaccine optimism faded amid COVID-19 concerns.

GBP/USD Steadily and Patiently Gains
GBP/USD Steadily and Patiently Gains

Global shares stepped back on Wednesday as soft U.S. retail sales increase worries that rising coronavirus cases could stifle a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs.

Moderna jumped to $100
Moderna jumped to $100

Moderna published results of its’ Covid-19 vaccine, which prevented the infection by 94.5%!

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