The bullish rally in the stock markets! | 27 Noviembre 2020

The bullish rally in the stock markets!


#DAX30:


The ECB Governing Council will recalibrate its instruments, as appropriate, to respond to the unfolding situation with a view to fostering a convergence of inflation towards our aim in a sustained manner, in line with commitment to symmetry. While all options are on the table, the pandemic emergency purchase programme and targeted longer-term refinancing operations have proven their effectiveness in the current environment and can be dynamically adjusted to react to how the pandemic evolves. They are therefore likely to remain the main tools for adjusting monetary policy. This is a positive signal for the German stock market!


Trading recommendation: Buy 13100 and take profit 13330.


The bullish rally in the stock markets!


#SP500:


Pfizer Inc applied to U.S. health regulators for emergency use authorization of its COVID-19 vaccine, the first such application in a major step toward providing protection against the new coronavirus. The application to the U.S. Food and Drug Administration comes just days after Pfizer and German partner BioNTech SE reported final trial results that showed the vaccine was 95% effective in preventing COVID-19 with no major safety concerns. Pfizer Chief Executive Officer Albert Bourla confirmed the application had been made in a video posted on the company's website on Friday afternoon. This is a positive signal for the U.S. stock market!


Trading recommendation: Buy 3550 and take profit 3644.


The bullish rally in the stock markets!


#WTI:


The number of oil rigs operating in the US rose by fell to 231, the first decline in ten weeks, from 236 last week, according to data from energy services firm Baker Hughes. The fall in oil rigs counts, which often serve as an indicator of future production and demand, comes as oil and gas producers seek to steady output following a pandemic-fueled halt in the second quarter, when oil prices briefly turned negative. The possibility of a vaccine soon raised hopes for the end of a pandemic that has claimed more than a quarter of a million lives in the United States and over 1.3 million worldwide. "Filing in the U.S. represents a critical milestone in our journey to deliver a COVID-19 vaccine to the world and we now have a more complete picture of both the efficacy and safety profile of our vaccine," Pfizer Chief Executive Officer Albert Bourla said. This is a positive signal for the oil market!


Trading recommendation: Buy 42.10 and take profit 43.50.

 

David Johnson
Analyst of «FreshForex» company
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