Greenback and Nasdaq rise on Monday


Monday has not brought any meaningful news, apart from the fact that there has been an uptick in new coronavirus infections in Germany and South Korea. 

Traders sold equities during the EU session, but as the US markets opened for trading, Nasdaq 100 index was instantly bought and rose to new swing highs, while the SP500 and Dow Jones indices remained lower on the day and lagged.

The greenback was also bid today, and the EURUSD pair dropped toward the 1.08 level, which is still strange considering how much dollars is the central bank printing. 

Oil was volatile today after Saudis announced they are going to cut the output by another 1 million barrels a day, but the initial spike was quickly erased, and the WTI benchmark settled at around 25 USD today. It looks like the rally might be running out of steam as traders failed to hold intraday gains for a couple of days. 

Gold and silver also fell today, and the precious metal dipped below the 1,700 USD again. 
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