Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Taiwan stocks inch up at close of trade
On Monday, Taiwan stocks soared after the close, as revenues in the Glass, Paper & Pulp, as well as Information Services sectors, brought stocks up.
The Taiwan Weighted tacked on 0.72% to achieve a fresh 52-week peak.
On the Taiwan Weighted the best performance was shown by Chipmos, Bright Led and Inventec Besta. They grew 9.96%, 9.93%, and 9.83% respectively.
Formosa Hotel, Infodisc Tech and Billion turned to be the worse performers of the trading session. They slid 6.10%, 4.99%, and 4.44% respectively.
Jumping shares outclassed declining ones on the Taiwan Stock Exchange by 576 to 210, while 95 didn’t change.
Stock in Formosa Hotel dived to 3-years minimums, declining 6.10% to 154.00. Stocks in Bright Led soared to 52-week peaks, growing 9.93% to 16.60. Additionally, stocks in Inventec Besta leaped to 52-week peaks, soaring 9.83% to 12.85.
The currency pair USD/TWD declined 0.29%, being worth 30.603, while TWD/CNY inched up 0.22%, hitting 0.2269.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.