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
- 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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