US stocks are set to open slightly lower, retracing some - but by no means all - of Monday’s surge that took both the Dow Jones and S&P 500 to new record highs.
Tag - technical analysis
The Dow Jones surged to its all-time high for the first time after the virus slump. It has almost touched the 30 000 level!
The vaccine news helped the risk-friendly Australian dollar, which climbed to a one-week high against its US counterpart.
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.
S&P dropped to the one-month low amid the overall risk-off market sentiment.
EUR/USD is trading below 1.1750. Any further downside pressure will push prices down to 1.1730 and even lower to 1.1700.
Surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections.
GBP/USD has bounced off the key support of 1.30 and turned to the upside. The pound is widely anticipated to rally further amid rising hopes for the end of Brexit talks this weekend on Halloween.
Gold moves to the 23.6% retracement level. It seems that gold loses strength under the current risk-off mood.
The US dollar turned to the upside on Monday. Let's discuss what to expect next from the market.
The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
The US-Chinese relationship has been tense amid Trump’s governance, but if Biden wins, the situation may change. Let’s find out what it means for the Chinese yuan.