FxPro Daily Insight for April 24
April 24, 2020 @ 16:30 +03:00
Futures on the SP500 add 1% before the start of the New York trading session after almost unchanged on Thursday. Positive dynamics are provided by optimism in connection with a new package of measures to support small and medium-sized business and stabilization of oil prices. The VIX index is at 40. DAX, CAC40, FTSE100 lose about 0.4%.
DXY has reversed in recent hours, retreating 0.6% from the intraday peak. The foreign exchange market today without a single dynamic. For more than a week, the EURCHF has reversed to growth with downtrends at 1.05, which probably helps the euro add to other currencies.
Gold recovered to $1730 after a drawdown to $1720 at the beginning of the day. Attention to the area of 8-year highs at $1740
Brent continues to slip near $25. Short-term charts show a slight downward slope.