Highlights
Very weak session for EURUSD today, since, in the absence of news in this market, investors have returned to theirattention to scholarships. The cases of COVID-19 in the USA reached their lowest level since the beginning of the pandemic, which causedthat actions linked to the progress of the economic reopening would appreciate. Energy companies, in turn, weredriven by oil prices, as the approach to a nuclear deal with Iran may result in increased supplyof oil by up to 2 million barrels per day. Tesla rose more than 5% after Wells Fargo started coveringshares with a target price rating of $ 590. And Virgin Galactic Holdings rose 27% after completing its flight testopening space over the weekend. The stock exchanges in Austria, Denmark, Germany, Hungary, Norway and Switzerland, and Canada,were closed today due to a holiday
In today’s session the EURUSD appreciated 0.3%, closing close to 1.2215, above the VWAP and POC,mainly influenced by the weakness of the USD, since investors today were more optimistic and, therefore, morelikely to take risk. Dow Jones appreciated by 0.54%, the S&P 500 by 1.01% and the Nasdaq by 1.41%.This must be a weak news week. Highlighted presentations by high-ranking members of both the EDF and theECB. In addition to the important weekly data, data will be released on Friday regarding the personal expenses ofAmericans, an important inflation indicator
DXY is trading at 89.8, down. The USDJPY is oscillating close to $ 108.7. The USDCHF of $ 0.8967. Gold isbeing traded at $ 1,882 an ounce, and silver at $ 27.8
The main facts observed by investors at the moment are:
MACROECONOMY
Industrial metal prices fell on Monday after Chinese regulators warnedmetal companies to maintain the “normal market order”. Conversations follow the statement of the weekpast, saying the government would manage “irrational” price increases for copper, coal, steel andiron ore. China is the world’s largest user of these commodities, whose prices have increasedsharply this year due to growing demand.
Source:https://wintrademarkets.com/
