Market overview
FX: Fears of trade wars heightened market volatility. The dollar index is recovering, adding 0.2% on Monday after falling 0.7% on Friday after Powell said he was ready to soften politics. EURUSD lost 40 pips from morning to 1.1120. GBPUSD remains near monthly highs at 1.2260.
Stocks: S&P 500 futures add about 1.9% in the morning after a 4% failure in response to the new US and Chinese tariffs. MSCI Asia Pacific is losing 2.0% since the start of the day. The VIX Volatility Index jumped to 20.6 on Friday.
Commodities: Brent has been rising 1.4% from the start of the day to $58.70, returning about half the decline on Friday. Gold took off to $1555 but soon rolled back to 1530 area.
Crypto: Bitcoin has again received support after another dip below 10K, trading at $10,300 at the moment. Top 10 altcoins vary in the range from -0.5% to + 3.0%.
Important upcoming events (GMT):
12:30 USD [!!!] U.S. Durable Goods Orders
- 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…
This website uses cookies
