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Markets continue with last Friday’s improvement in risk appetite.
- In the Forex market, the US Dollar has resumed its selloff and is the weakest major currency right now. The AUD is the strongest currency at present.
- Energy commodities are strong, although none of them are breaking to new long-term high prices yet.
- The Governor of the Bank of Japan has reiterated that the Bank will continue with monetary easing to assist economic recovery.
- It is a public holiday today in the USA, and as it is also a Monday, today is likely to be a relatively quiet day in the market. If there are major price movements, that will suggest we are likely to see strong momentum over the coming days.
- Daily new coronavirus cases globally fell last week continuing a long-term trend.
- It is estimated that 65.8% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 6.7% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.
- Total confirmed new coronavirus cases worldwide stand at over 531.6 million with an average case fatality rate of 1.19%.
- The rate of new coronavirus infections appears to now be significantly increasing only in the Bahamas, Jamaica, Costa Rica, Dominica, Panama, and Taiwan.
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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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