{"id":2394,"date":"2020-11-10T15:28:00","date_gmt":"2023-03-31T20:19:10","guid":{"rendered":""},"modified":"2024-05-29T08:28:27","modified_gmt":"2024-05-29T08:28:27","slug":"vaccine-bullishness","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/vaccine-bullishness\/","title":{"rendered":"Vaccine Bullishness"},"content":{"rendered":"

Markets reacted positively to the joint announcement by Pfizer and BioNTech on their successful COVID-19 vaccine candidate, with most indices surging to new highs. The only exception being the NAS100, with the tech sector continuing to feel the pressure from poor sales. The US30 surged 2.95%, SPX500 rose 1.17% while NAS100 fell by 1.53%. Heavily pressured equities like airlines and cruise line companies supported by banks also recorded significant gains as lockdown restrictions may be lifted quicker than initially anticipated.   <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

On major US news, the U.S. Food and Drug Administration <\/span>approved <\/span><\/a>the first experimental antibody drug for COVID-19 in case there is an emergency for patients due to their age or other conditions. Randal Quarles, who is FED’s governor, <\/span>believes <\/span><\/a>that pandemic surprise has gone and they have to face a “distinct, formidable, and complex” challenge. Worth mentioning that Biden’s win has added the most money to emerging-market exchange-traded funds in the last 10 months as Investors have reversed their mode to “risk-on” according to <\/span>Bloomberg<\/span><\/a>.  <\/span><\/p>\n

On major EU-UK news, Bruno Le Maire, who is the French Finance Minister, <\/span>said <\/span><\/a>that an additional injection of funds is likely to happen for Air France as well as for the smaller companies if it’s necessary. The EU is <\/span>going <\/span><\/a>to announce formal antitrust charges against Amazon today which may affect the company’s stock behavior. Reviewing a few major economic data, the UK unemployment rate increased by 164k higher than the estimated 148k while German’s ZEW indicator fell by 17.1 points from the previous month. <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

Reviewing the technicals, SPX500 is validating major support – trendline which if this is valid, the index may target new highs. On the other hand, if the price closes below the trendline, then it will negate this scenario. NAS100 is rebounding after reaching 200SMA. If the 200SMA doesn’t hold then the index may retrace to the blue zone. a<\/span><\/p>\n

SP500 60m
\"\"
<\/span><\/p>\n

NAS100 60m
\"\"
<\/span><\/p>\n

The XAUUSD reversed after hitting the major 1850 level. This means that the specific level is important and determines the bias. If the commodity remains above it, then traders may anticipate higher prices and vice versa.<\/span><\/p>\n

XAUUSD 240min
\"\"
<\/span><\/p>\n

Heading to the USoil, it’s still not able to break out above 41.5 level. Therefore the current zone is a major resistance and if bulls are able to drive prices above it then the commodity may accelerate higher aggressively.<\/span><\/p>\n

USoil 240min
\"\"
<\/span><\/p>\n

Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Markets reacted positively to the joint announcement by Pfizer and BioNTech on their successful COVID-19 vaccine candidate, with most indices surging to new highs. The only exception being the NAS100, with the tech sector continuing to feel the pressure from poor sales. The US30 surged 2.95%, SPX500 rose 1.17% while NAS100 fell by 1.53%. Heavily […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2394","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716971308:4"],"rank_math_primary_category":["2"],"rank_math_seo_score":["18"],"_edit_last":["4"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"55dcdde0e1ac6b05b5f68a7b2741a036\";s:6:\"images\";a:4:{i:0;s:55:\"\/image.axd?picture=\/2020\/10112020\/SPX500H1 10112020.png\";i:1;s:55:\"\/image.axd?picture=\/2020\/10112020\/NAS100H1 10112020.png\";i:2;s:55:\"\/image.axd?picture=\/2020\/10112020\/XAUUSDH4 10112020.png\";i:3;s:58:\"\/image.axd?picture=\/2020\/10112020\/USOilSpotH4 10112020.png\";}}"],"rank_math_analytic_object_id":["146"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2394"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2394\/revisions"}],"predecessor-version":[{"id":4025,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2394\/revisions\/4025"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}