minus academy faq plus academy faq Check in circle Apple Android Home Magnifer Calculator Mail Email Facebook Twitter RSS Linkedin Linkedin hollower Headphones Wechats Instagram Line Mail 2 Phone Phone 2 Minus Plus Arrow right Arrow left (variant 2) Arrow right (variant 2) Brand logo Brand logo not filled Hamburger Flag of the Hong Kong Flag of the US/GB Flag of the US/GB Flag of the US/GB Flag of the China Flag of the China Flag of the China (traditional) Flag of the Taiwan Flag of the Hong Kong Flag of the Spain Flag of the Russia Flag of the France Flag of the German Flag of the Portugal Flag of the Italy Flag of the Poland Flag of the Czech Flag of the Hungary Flag of the Sweden Flag of the Bulgarian Flag of the Finland Flag of the Lithuania Flag of the Denmark Flag of the Croatia Flag of the Estonia Flag of the Norway Flag of the Romania Flag of the United Arab Emirates Flag of the United Arab Emirates Flag of the Indonesia Flag of the Malaysia Flag of the Korea Flag of the Korea Flag of the Samoa Flag of the Vietnam Flag of the Thailand Flag of the Japan Cross Cross large User Arrow down Arrow up Cube Info list Data comunication Clock Slash

Positive sentiment maintains amid new US administration transition

Positive sentiment maintains amid new US administration transition
Positive sentiment maintains amid new US administration transition

Stock markets rocketed?

Overnight, all three major indexes of Wall Street were up, of which the Dow rose to a new closing high, the S&P 500 gained around 1.4%, and the Nasdaq jumped almost 2%.

Shares in Asian markets generally closed up on Thursday, following the Wall Street record highs overnight. The European Stocks also climbed a bit in early trading session, reflecting bullish outlook of those investment markets.

 

Bullish sentiment towards Biden’s administration?

The new US President Joe Biden was sworn into office. Investors now is expecting Biden’s administration will work on the massive stimulus plan, up to $1.9 trillion. And, He has already announced the return to the “Paris Agreement” and the WHO.

Investors are keeping an eye on a better relationship between the rest of the world and the US, that may improve the global economic recovery process in the future. Of course, the new US government introduced stricter policies to fight the coronavirus pandemic, to a certain extent boost up the optimism of traders other than vaccination.

 

Dollar index stands at 90 level, for long?

The US dollar index, which tracks the greenback against 6 currencies, was still trading at 90 above level, despite the positive sentiment among the markets.

Investors believe that the new US Treasury Secretary Janet Yellen will continue to push those supportive policies to rescue the losing momentum US economy. Optimism about the massive stimulus package and the long-term low-rate monetary policy will hurt dollar’s attractiveness through these years.

Riskier commodity currencies keep strong, as the stock markets in generally are doing good, lowering the demand for safe-haven. Most of the analysts in the market are questioning about the greenback if the risk-on sentiment is expected to maintain this whole year.

 

 

__

Risk Warning: The above content is for reference only, and does not represent ZFX’s position. ZFX does not assume any form of loss caused by any trading operations carried out in accordance with this article. Please be firm in your thinking and do the corresponding risk control.

ZFX (Zeal Capital Market) is an FCA & FSA licensed online Forex & CFD broker providing more than 100 products for Forexcommoditiesstock indices, and share CFDsOpen a trading account with min. USD 50 deposit and download our MT4 trading platform now!