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S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.

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Payday Loans, Quick And Effective

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Natural Skin Care – What Should I Use?

The largest organ of the body is the skin and it is just right for us to take good care of it. There is no better way to do it but to use natural skin care. Essential oils, flowers herbs and roots are the usual ingredients used in natural skin care mixed with pure water, oil, preservatives or natural soap.Natural skin care uses components derived from nature, without utilizing chemicals to maintain the reliability. Many people around the world usually create their own natural skin care products at home using botanically based elements. There may be tales about some ingredients but studies have shown that components like Chamomile have anti-inflammatory and healing properties. Numerous people make use of natural skin care formula for skin therapy at home. These days many skin care salons and spas focus in utilizing skin care products developed from natural components. A number of companies in the past decade have been making natural skin care products thoroughly accessible to the public.Skin is the most noticeable part of an individual and having healthy skin should be one of our main concerns. Research shows that skin types can actually change due to different health concerns, medical treatments and hormonal imbalances. This is very important to know so that it will be easy to find the natural skin care routine that is best for every skin products.So what is the best natural skin care? Here are some ideas to be of assistance in choosing the right natural skin care products for the diverse skin types.Normal skin is neither too dry nor too oily and free from discoloration and blemishes. With normal skin, it is best to use chamomile, soy, rosemary, grape seed, lavender, sweet almond oil, cypress and camphor for treatment.Dry skin is categorized if the skin is ashy, flaky and reduced of elasticity. The best treatment for dry skin are calendula, carrot seed, jasmine, rose hips, orange, avocado and rice bran. These herbal treatments are best for healthy skin improvement.Oily skin has signs of shine, enlarged pores and slickness. With oily skin, best natural skin care treatments are hazelnut, cedar wood, lemon grass, geranium, thyme, patchouli, peppermint, refined coconut oil and olive.Combination skin type is classified when there are parts of the face like the nose; chin and forehead are oily, while other parts like the jaw line and area close to hair have dry patches. Some of the best natural remedies with combination skin type are sweet orange, ylang-ylang, rosewood, jojoba and apricot.You can determine if you have an acne-prone skin when you have outsized pores that usually suffer blackheads, clogging, cyst, redness and whiteheads. For acne-prone skin, the best natural treatments are lime, mint, grapefruit, tea tree oil, basil, coriander, manuka, grape seed and hazelnut.Your skin is sensitive when it is usually prone to redness, rashes, irritation, and blemishes. Effective cures for this type of skin are almond, sesame, jasmine, rose, calendula, carrot and jojoba.There are many natural skin care remedies available but the most helpful natural skin care treatment for the different skin types is water. Hydration of the skin is very important. Taking enough water for hydrating is very necessary for skin health.

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