FxPro Daily Insight for April 15

Market overview S&P500 start trading on Wednesday with a 2.4% decline after touching 5-week highs overnight. VIX Volatility Index has risen sharply. DAX loses 3.4%, CAC40 stepped down 3.0%, and FTSE100 decreases by 2.9%.

The dollar is growing steadily against all major currencies. DXY was recovering during the day, and this movement received a new impulse on data on the decline in retail sales in March by 8.7% – the sharpest in history.

Gold corrected to $1715 after touching 7-year highs at $1747.

Brent dropped to $30.50 – dipped further to two-weeks lows area. US WTI futures for May delivery trading below $20 now after EIA reports storage fillings within weeks, despite the production cuts.

Important events, GMT (Exp.): 01:30 Au !!! Employment Change (Mar, -30K) 12:30 US !!! Initial Jobless Claims (Apr 11, 5000K) 12:30 US !! Housing Starts (Mar, -17.7% m/m)