S&P 500 and Nasdaq Hit Fresh Records on Covid Vaccine Hopes

Coronavirus Treatment Headlines Lift Sentiment

The US dollar traded somewhat lower against the majority of the other G10 currencies on Monday and during the Asian morning Tuesday. It gained against CAD, JPY, and NZD, while it underperformed versus NOK, EUR, GBP, SEK, CHF, and AUD in that order.

Nasdaq 100 — Technical Outlook

The Nasdaq 100 cash index hit a new record on Monday, at 11725, and then it pulled back. That said, the retreat remained limited near the 11530 zone, and then, the index rebounded again. Overall, the index continues to trade in an uptrend mode above the upside support line drawn from the low of April 21 st, and thus, we would consider the outlook to still be positive.

EUR/AUD — Technical Outlook

EUR/AUD traded in a consolidative manner yesterday, staying between the support of 1.6410 and the resistance of 1.6485. Overall, the rate continues to trade within the sideways range between 1.6410 and 1.6550, that’s been containing most of the price action since July 30 th, and thus, we would consider the near-term outlook to be flat for now.



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