Market overview
S&P500 updates historic highs at the opening of trading on Tuesday, Nasdaq almost daily updates it’s since February 2. There is growing confidence in the markets that major central bank may quickly increase stimulus if needed.
On FX, the dollar index retreated from the 4-month peaks, declining for the first time after seven sessions back-to-back growth. Risk-sensitive RUB, ZAR, AUD are leading thee growth to USD.
Gold maintains its growth trend for the second week, adding as protection against potential inflation, not as a safe-heaven. WTI Oil is attempting to return to the area above $50, after touching 13-month lows. Brent has added 2.4% to Monday’s lows before the US session open.
Important events (GMT): 01:00 NZ !!! Official Cash Rate (1.00%) 02:00 NZ !! RBNZ Press-conference (Dovish) 10:00 EU ! EA Industrial Production (-1.9% y/y)
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
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