The day has started with a stronger dollar, as bulls pushed USD/JPY higher.
May 26: S&P 500 passed 3000
The market sentiment is risk on today. It’s based on recovery dynamics and potential drug developments. Nevertheless, tensions between Washington and Beijing remain in focus.
Investors are still indecisive between the second wave virus fears and smoother recovery hopes, so we have unsure shaky risk-on spots at a generally mixed market background.
Investors stay optimistic despite the virus outbreak in the USA and worse-than-expected jobless claims.
The NFP brought good figures last Thursday, but the spike of infections in the US keeps suppressing the risky momentum.
The market sentiment improved after the positive vaccine experiment. Stocks gained and EUR/USD surged, as well. Traders await the NFP report.
Concerns about the coronavirus clash with hopes of recovery. Traders await the US jobs data. Watch the video to find out what this means for the major pairs!