Market overview There is the tug of war between bulls and bears in the stock markets with no definite trend for indices since the start of the day on Monday. We can highlight only a few topics with a new round of Tesla stock growth above $800 and the rise of Amazon stocks above $2000. There is also no single dynamics in the foreign exchange market: RUB and TRY remain under pressure while AUD and GBP has found the strength to rebound after the drop on Friday.
EURUSD continues to fall to the area of three-year lows under 1.10 on the sharp contrast of data from the USA (strong NFPs) and failed industrial production data from Germany, France and Italy.
Important events (GMT): 09:30 UK !!! Gross Domestic Product (0.8% y/y) 09:30 UK !! Industrial Production 14:00 EU !!! ECB President Christine Lagarde Speaks
- Apple reversed from key resistance level 237.00 - Likely to fall to support level 227.00…
- Aig reversed from support level 76.60 - Likely to rise to resistance level 79.65 Aig recently…
Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring…
- GBPCAD reversed from resistance zone - Likely to fall to support level 1.7750 GBPCAD…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.8730 USDCHF currency…
The British pound fell below the 1.30 level against the dollar after weak inflation data…
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