ONLINE FOREX BROKER
2020-05-27 • Updated
A great chance to make profit on stocks! Investors are inspired by economic reopening and optimistic vaccine news.
The market is leaded by sectors that have been left aside for a long time. This is easier to notice, if we look at stock indexes. Dow Jones has showed the largest gain today among its brothers. It rose by 1.4%. For comparison, the high-tech Nasdaq increased only by 0.6%. What’s the reason?
The biotech giant and also the Dow Jones’s component, Merck&Co., announced two important collaborations. The first one is with IAVI, a scientific research organization. They have already started developing a COVID-19 vaccine. They use very promising recombinant vesicular stomatitis virus (rVSV) technology, that has worked effectively for the Ebola’s vaccine. The second co-operation is with Ridgeback Biotherapeutics. All together they have started working on an antiviral drug for infected people. The Dow Jones index surged immediately after the announcement.
Another significant Dow Jones’ component, McDonald’s, was hit hard by the coronavirus even with its take-away service and deliveries. Now the situation gets better day after day as restaurants have started reopening. The fast-food restaurant takes all measures to make it safe for both employees and consumers. Obviously, it will take time to return to pre-virus sales as people need to feel comfortable to visit McDonald’s. However, the worst seems to be over now.
Let’s look at the chart that represents Mini Dow Jones Futures, which will expire in June. Don’t be confused, mini futures show a portion of standard ones. They are just an accessible alternative, that allows anyone to trade the classical Dow Jones. Mini contracts are electronically traded and offer exposure to the 30 US blue-chip companies, the same ones that presented in the stock index.
The price had declined significantly with the coronavirus outbreak and then reversed on March 23. It’s climbing up and up. Today it has even crossed the 100-day moving average and reached February highs. Doors are open for the next retracement level at 26,800. Support levels are at 24,090 and 22,900. Consider buying it, while the market is risk-on!
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
After multiple hawkish remarks over the past few days from non-voters members, the Federal Reserve chairman Powell surprised the markets with some dovish remarks…
Let's dive into the latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
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