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Trading EURUSD Short. NASDAQ Improving.

   

Welcome to this week’s Market Blast Fundamentals.

I’m Brad Alexander and on behalf of Valutrades today we will take a look at EURUSD, EURGBP, the S&P 500 (US500) and the NASDAQ (US100).

 

We see both the S&P500 and the Dow Jones Industrial Average reach record highs but the NASDAQ is still lagging behind.Screenshot 2021-04-05 at 10.34.48

Joe Biden’s US infrastructure plans and a better-than-expected employment report last week helped these indices and we will be watching the NASDAQ to see if it catches up.Screenshot 2021-04-05 at 10.34.59

We see the USD gaining on the JPY, CHF and EUR and we expect further selling of EURUSD with the poor European distribution of COVID vaccines and further lockdowns in many European countries.

We will look at the technical levels of EURUSD tomorrow.Screenshot 2021-04-05 at 10.35.09

We also see this affecting EURGBP and we expect more GBP strength if we get positive news today from the UK government about vaccine passports and free COVID testing.

We are light on Economic News this week but watch for Volatility around the Australian Interest Rate decision tomorrow.

Thanks for watching and don’t forget to subscribe to our YouTube Channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you tomorrow.

CFDs and FX are leveraged products and your capital may be at risk.

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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