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)
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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