The progress on the COVID-19 vaccines and hopes of a swift economic rebound next year added to the optimistic sentiment in the market.
Daily Market Analysis
World shares paused on Monday to assess a record-breaking month
Looking ahead, highlights from macroeconomic calendar include regional and national German CPIs, US Chicago PMI, OPEC meeting, ECB's Lagarde and BoE's Tenreyro speeches.
EUR/GBP has approached the strong resistance of 0.9000. Reverse or breakout?
U.S. stocks are set to open higher Friday, although gains are likely to be limited with the market set to close early in the aftermath of the Thanksgiving Holiday.
Black Friday sales will boost e-commerce stocks: Amazon, eBay, Walmart, and Alibaba.
Asian shares stalled near record highs on Friday
CIBC anticipates USD/ZAR will end 2020 at around 15.15, and 2021 at 14.95.
US markets are closed for Thanksgiving on Thursday, that's why the volatility falls. However, there are still some interesting movements!
Tesla’s market value hit $500 billion for the first time on record. Its growth is unstoppable!
The risk-on sentiment waned and added pressure on the AUD. Can we await a pullback from 0.74?
The US dollar stayed under pressure as riskier currencies benefited from the increased optimism.