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
- 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…
This website uses cookies
