Market overview
US markets are losing about 0.7% on session start on Friday after rising 2.3% on Thursday. The data showed the economy losing 701K jobs. However, this report does not include the most recent two weeks, when cuts were most dramatic.
DXY has been adding 2.4% this week, returning half the decline in the previous five days. EURUSD slid under 1.0800 on speculation that political divisions would amplify the economic blow. GBPUSD went down. The FX volatility continues to decline, giving way to the longer-term trends.
Gold develops growth the second day, returning to the level of $1617 and having won back the decline at the beginning of the week.
Brent is trading at $33.7 in the spot market, adding 14% today. Expectations of unprecedented coordinated production cuts from OPEC, Russia and the US are supporting the growth.
Investors are waiting for signs of stabilization in the number of infected as the first starting point for further assessing the prospects for the economy and markets.
Important events for April 6, GMT (Exp.): —– All !!! OPEC+ meeting 06:00 Ge !! Factory Orders (Feb) 08:30 UK !! Construction PMI (Mar) 08:30 EA !! Sentix Investor Confidence (Apr)
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
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