Forex Today: NASDAQ Hits New All-Time High

Adam Lemon

Coronavirus new daily cases in U.S. above 50,000 fails to dent markets

  • The U.S. NASDAQ tech stock index closed at an all-time high price yesterday, and looks likely to rise higher still this week.
  • Stock markets are broadly a little higher over the past day.
  • In Forex markets, risk sentiment has continued to improve very slightly, with the Euro strong, while the U.S. Dollar is currently the weakest currency.
  • The ADP forecast of U.S. jobs data came in slightly below expectations yesterday. Real data will be released today at 1:30 pm London time ahead of tomorrow’s major public holiday in the U.S.A.
  • Yesterday saw the highest number yet of daily total new coronavirus confirmed cases globally at 196,901.
  • The World Health Organization confirmed there have been more than a million coronavirus cases in its region from Morocco to Pakistan, warning that the Middle East has reached a “critical threshold” in managing the disease.
  • Coronavirus deaths in Latin America and the Caribbean are 52% of the global daily total, well exceeding those in both the U.S.A. (12%) and Europe (approx. 10%) which shows that the epicenter of the pandemic is well established in Latin America.

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  • Total confirmed new coronavirus cases stand at over 10.6 million with an average case fatality rate of 4.83%.
  • Brazil continues to see more daily deaths from coronavirus than any other country in the world.
  • The rate of new coronavirus infections appears to be now increasing most quickly in the United States, Algeria, Bangladesh, Bosnia, Colombia, the Czech Republic, the Dominican Republic, El Salvador, India, Indonesia, Israel, Kosovo, Montenegro, Panama, Paraguay, the Philippines, Peru, Saudi Arabia, Serbia, South Africa, Uzbekistan, and Venezuela.
Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
Learn more from Adam in his free lessons at FX Academy

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