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Vaccine and Stimulus Talk Sparks Optimism

From bkassetmanagement.com

This new trading week kicked off with broad based gains for currencies. Every major currency pair from EUR/USD to USD/JPY moved higher as vaccine progress and stimulus talk sparked optimism. Investors were encouraged by the positive response from the vaccine developed by Oxford University and AstraZeneca. In their early stage human trial with more than 1,000 participants, it was found that the vaccine produced antibodies and killer T-cells that can last at least 2 months with no serious side effects. There are more than 100 vaccines being developed worldwide with at least 23 in human trials. As the positive news flow ... (full story)

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  • Category: Fundamental Analysis