Market overview Shanghai markets opened after a long weekend flew down more than 8% to offset the earlier world indices decline in the previous days. However, today most stock indexes are in the green zone in response to new China stimulus. In general, there is a decrease in craving for defensive assets, although purchases of “risks” are very cautious.
Gold lost 1% before the US market open today; Brent has been gaining support on Monday on the dips below $56. GBPUSD slid 1.1% to 1.3050 after an exchange of harsh comments between the UK and the EU officials regarding trade negotiations. A new round of controversy surrounding Brexit is open.
Important events (GMT): 01:45 Cn !! Markit Manufacturing PMI 09:00 EA !! Manufacturing PMI 09:30 UK !! Manufacturing PMI 15:00 US !!! ISM Manufacturing PMI 18:00 EA !! ECB President Christine Lagarde Speaks
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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