The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.
Tag - aud - australian dollar
The US dollar is edging higher, driven by the better-than-expected Manufacturing PMI.
The market sentiment is mixed, but there are still interesting movements on the market.
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
Australian Private Capital Expenditure will be out on Thursday at 2:30 MT time!
The Fed made a dovish statement yesterday. As a result, the US dollar dipped down, while riskier currencies and stocks significantly rose.
Watch the video to get the fresh trading tips for EUR/USD, AUD/USD, S&P 500 and gold!
Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy.
The aussie is expected to plummet for the next six months. What is the reason?
Global stocks eyed a fresh record high on Monday as signs of economic recovery in Asia, recent strong corporate earnings, and hopes of a COVID-19 vaccine bolstered investor sentiment.
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