Major cryptocurrencies, including Bitcoin/USD, are rising strongly and threatening to breakout out of their ranges which have held over the last two weeks or more.
Stock markets have risen firmly over this week’s first Asian session, following on from Friday’s gains.
Major cryptocurrencies, including Bitcoin/USD, are rising strongly and threatening to breakout out of their ranges which have held over the last two weeks or more.
In the Forex market, the US Dollar has resumed its selloff and is the weakest major currency right now. The AUD is the strongest currency at present.
Energy commodities are strong, although none of them are breaking to new long-term high prices yet.
The Governor of the Bank of Japan has reiterated that the Bank will continue with monetary easing to assist economic recovery.
It is a public holiday today in the USA, and as it is also a Monday, today is likely to be a relatively quiet day in the market. If there are major price movements, that will suggest we are likely to see strong momentum over the coming days.
Daily new coronavirus cases globally fell last week continuing a long-term trend.
It is estimated that 65.8% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 6.7% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.
Total confirmed new coronavirus cases worldwide stand at over 531.6 million with an average case fatality rate of 1.19%.
The rate of new coronavirus infections appears to now be significantly increasing only in the Bahamas, Jamaica, Costa Rica, Dominica, Panama, and Taiwan.
Disclosure:
DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.
Comments
Log in or sign up to join the conversation.