Market overview Futures for S&P500 adding 1.2% after 1% decline on Monday. DAX is up 1.1%, CAC40 is up 0.5%, and FTSE100 is down 0.8%.
In the FX market, the normal level of volatility is restored. DXY has been trending down since April 3rd. Today, the dollar is retreating to most currencies, except for ZAR, TRY, which is a sign of a recovery in demand in the markets.
The gold rally continues, taking quotes above $1730, new highs since November 2012.
Brent remains under pressure, dropping to $ 32.90, in the area of the last two weeks lows.
The IMF forecasted a 3% drop in world GDP in 2020. This should be the sharpest decline in data history back to 1980. For comparison, in 2009 the decrease was 0.1%.
Important events for April 15, GMT (Exp.): 00:30 Au !! Consumer Sentiment (Apr) 12:30 US !!! Retail Sales (Mar, -8.0% m/m) 13:15 US !! Industrial Production (Mar, -4.2% m/m) 14:00 Ca !!! Overnight Rate (0.25%) 14:30 US !! Crude Oil Inventories ( Apr 10)
• EURCHF rising inside impulse wave 3 • Likely to reach resistance level 0.9835 EURCHF…
• Goldman Sachs broke the key resistance level 430.00 • Likely to rise to resistance…
Zeekr, China's Tesla rival, recently had its IPO, and now you can trade it at…
Crude oil has been under pressure over the past four weeks but has been gaining…
Market picture Crypto market capitalisation rose 0.8% over the past 24 hours to 2.2 trillion,…
• Platinum reversed from resistance level 1010.00 • Likely to fall to support level 990.00…
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