Market overview
FX: The greenback rose after tariff delay to China import, as it reduced the chances of Fed rate cuts. USDJPY, USDCHF at the moment jumped 1.5% on the wave of withdrawal from safe assets, but already on Wednesday morning, protective currencies again added. The sharp movements of the foreign exchange market caused a jump in the volatility index.
Stocks: The S&P500 jumped nearly 2% within an hour after the announcement of the tariffs delay, but the momentum quickly ran out. Market growth has led to a decrease in volatility.
Commodities: Brent fell in the morning to $ 60.40 after jumping 5% to $ 61.20 last night. Gold retreated below levels below $ 1,500 after touching $ 1,535.
Crypto: Bitcoin dropped to $ 10,500; Top 10 altcoins lose up to 7%
Important upcoming events (GMT): 08:30 GBP [!!!] UK Consumer Price Index 09:00 EUR [ !!] Euro area Gross Domestic Product 14:30 WTI [ !!] US Crude Oil Inventories
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
Market picture The crypto market capitalisation decreased by another 1.5% to $2.27 trillion, getting closer…
ANF reversed from key support level 113.40 Likely to rise to resistance level 132.31 ANF…
- GBPUSD rising inside minor correction 2 - Likely to rise to resistance level 1.2700…
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