Forex Today: Stocks, Energies, Crypto Rising

  • 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.

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  • 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.

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