FxPro Daily Insight for April 27
April 27, 2020 @ 17:17 +03:00
Market overview Futures on the SP500 add 1% before the start of the New York trading session after rising 1.4% on Friday. Positive dynamics are provided by optimism on a new package of measures to support small and medium-sized businesses and BoJ easing policy. VIX index develops decline. DAX adds 2.5%, CAC40 + 2%, FTSE100 + 1.6%.
DXY stabilized below 100 after a sharp reversal on Friday. USD retreats to all major currencies except the especially affected TRY and protective CHF. Foreign exchange market volatility is declining, returning to normal levels.
Gold is trading near $ 1720, refraining from further growth—attention to the area of 8-year highs at $ 1740.
Brent loses 8% today to $ 22.9 in the spot market and below $20 in June futures, which will be expired this week.
Important events, GMT (Exp.): 10:00 UK !! CBI Realized Sales (Apr, -45) 12:00 US !! Goods Trade Balance (Mar, -55B) 14:00 US !!! CB Consumer Confidence (Apr, 90.1)