Dollar Erases Losses as Risk Aversion Grips

Dollar Erases Losses as Risk Aversion Grips

2020-09-21 • Updated

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Midday Market View

 European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.

 

Midday Key Point

  • Equities continue to tumble, S&P 500 down 2%
  • Cable Slumps to Six-Day Low Amid Dollar Turnaround

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Nasdaq 100 (US100): Toward 17750
Nasdaq 100 (US100): Toward 17750

Bullish Scenario: Buy between 17515 and 17600 with TP1: 17681; TP2: 17720 intraday, and TP3: 17750 / 18000 in extension. Bearish Scenario in case of breaking the buying zone: Sell below 17500 with TP1: 17469; TP2: 17421, and TP3: 17358 in extension.

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