Daily Market Analysis

The coalition of Pfizer and BioNTech have announced that the regulatory review of the Covid-19 vaccine is scheduled for October. This positive news may add some tailwinds to the Pfizer stock.

The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment.

USD/JPY is moving sideways between the pivot point at 105.708 and the resistance level at 106.26

Where is GBP/USD going? See the long-term and short-term technical layout for this important currency pair.

USD/CHF is now testing the key resistance at 0.91519

The advance of S&P500 came as shares of big tech stocks rallied and reflected the trend of the past months of this year in equity markets.

The most traded pair takes a breath after reaching levels unseen since May of 2018.

Goldman Sachs claims the ZAR may rise further, if global markets keep rallying. Let’s discuss it in detail.

USD/JPY: The pair is now trading within the cloud. Any decisive movement to the south will lead USD/JPY to exit the Kumo, confirming the bearish scenario.

ER/JPY: The EUR/JPY pair is now testing the upper level of the cloud. A successful attempt to exit the Kumo will signal a new bullish sentiment.

The pair slumped to levels unseen since January. What’s next?

What are the reasons for its rally?