Market overview
Global markets fluctuate slightly on Monday, as some US markets closed due Presidential Day observation. Singapore and Canadian dollars add slightly to USD. On FX, commodity-related RUB, ZAR, NOK losing more than 0.3% today due to fears of falling China’s demand.
EURUSD has remained near its lows since 2017 around 1.0840, while the dollar index is testing its 2019th peak levels above 99.00. Its breakdown may open the way to the 2016-2017 highs at 103.00. Gold in euros updated historic highs (1460), against the dollar it remains at 7-year peaks above $1580 per ounce.
On Tuesday, market focus will turn to the RBA meeting minutes (AUD), UK employment data (GBP) and Germany Economic Sentiment from ZEW (EUR).
Important events, GMT (Exp.): Monday US Presidents Day 23:30 AU !!! RBA Monetary Policy Meeting Minutes 09:30 UK !! Claimant Count Change (22.6K) 13:30 Ge !! ZEW Economic Sentiment (20.0)
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
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