FX: Markets fear that currencies become a weapon in trading disputes. The flight from “yielding” to “safe” makes JPY, CHF – the best in performance this month. USDCNH jumped 2% to 7.11. GBPUSD rebounded again after a rebound.
Stocks: Markets fall sharply, losing about 2% on major indices at the start of Monday trading. This morning SPX fell by 1.3% below 2900, HengSeng dropped by 2%, losing more than 10% in 2 weeks.
Commodities: Gold rewrite 6-years highs, rising to $ 1,457. Brent so far avoided the sharp move, losing just 0.6% today to $ 60.80
Crypto: Bitcoin boosted growth above $11,500, supported by sell-off in Chinese markets.
Important upcoming events (GMT):
08:00 EU [ !!] Services PMI 08:30 UK [ !!] Services PMI 13:45 US [ !!] Services PMI 14:00 US [!!!] Non-manufacturing ISM
Solana: ⬇️ Sell - Solana reversed from the resistance zone - Likely to fall to…
CHFJPY: ⬆️ Buy - CHFJPY broke resistance zone - Likely to rise to resistance level…
Market Picture The crypto market has been hovering in a narrow range for the past…
FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…
Alibaba: ⬆️ Buy - Alibaba broke the key resistance level 145.00 - Likely to rise…
EURNZD: ⬇️ Sell - EURNZD reversed from long-term resistance level 1.9160 - Likely to fall…
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