Market overview
S&P500 added 1.2% after rising 3.4% the day before as new Fed’s $2.3 trillion loan program shadowed further surge in jobless claims. DAX grew 2.0% today, CAC40 strengthened by 1.7%, FTSE100 – at 2.1%.
Currency market volatility continues to decline. DXY turned to a sharp decline after the Fed announcement. Markets await Powell’s follow-up comments. The dollar recedes on a broad front, primarily to the more yielded currencies.
Gold rose more than 2.2% to $1,680 amid a weakening greenback and fears that injections of liquidity from the Fed are undermining its value.
Brent rose to $ 35.0 – this week highs – on expectations of an OPEC+ agreement to cut Crude Oil supply.
Important events for April 10, GMT (Exp.): 01:30 Cn !! Consumer Price Index (Mar, 4.9%) Good Friday: UK, Ge, US, Ca markets close 12:30 US !!! Consumer Price Index (Mar, 1.6%) 18:00 US ! Federal Budget Balance (Mar, -135B)
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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