February 12, 2021

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Forex: Trading Summary 9.2.2021 | FXstreet.cz

Shares in the United States began the week rising to new records. New stimulus measures and opportunities for continued vaccinations have raised investor confidence that the pace of economic recovery from the recession may be faster. Dow Jones and S&P enjoyed growth for the sixth consecutive session, their longest growth period since August.

The Dow Jones Industrial Average rose 237.52 points, or 0.76 percent, to 31,385.76. The Broad Standard & Poor’s 500 Index was up 28.76 points, or 0.74 percent, at 3,915.59. The Nasdaq Technology Market Index is up 131.35 points, or 0.95 percent, at 13,987.64 points.

Finance Secretary Janet Yellen said the United States could return to full employment next year if Congress approves the president’s $ 1.9 trillion aid package. Hopes for a new aid package rose on Friday as the Senate passed a resolution on government spending that would show $ 1.9 trillion in support for the Corona virus operation.

Energy companies performed better yesterday as oil prices rose for more than a year. Of the 11 major sectors in the S&P 500 index, six saw growth.

Shares of Walt Disney, Cisco Systems and General Motors have rallied this week to post earnings results. Shares of Tesla also rose, announcing that it has invested about $ 1.5 billion in cryptocurrencies and will begin accepting Bitcoin payments.

The financial results publishing season is half over. So far, 294 companies have reported financial results, 83 percent of which exceeded analysts’ expectations, according to Reuters.

The U.S. dollar weakened slightly against the basket yesterday after falling on Friday on weak data on job creation in the United States. However, analysts continue to expect the US economic recovery to be faster than many other countries.

The dollar index, which monitors the performance of the US dollar against the basket of six major world currencies, fell 0.1 percent to 90.95 points. The exchange rate of the Euro against the US Dollar remained virtually unchanged at around 1.2051 Euro / USD. The US dollar was down 0.2 percent at 105.21 against the Japanese yen and the euro was down 0.1 percent against the Japanese yen at 126.80 euro / jp.

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Growth of EUR / USD currency pair (1-hour chart – H1):


Growth of EUR / JPY currency pair (1-hour chart – H1):


Growth of USD / JPY currency pair (1-hour chart – H1):


Development of the USDX Dollar Index (1-hour chart – H1):


Source: Reuters, ČTK, MT4

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