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)
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EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…
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Today is Thursday, the 18th of December, and we'll be talking about the British pound…
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