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
- 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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