Market overview In global markets, the demand for risky assets has stabilized. Indexes on US stocks restored their positions after drop on Friday when they lost more than 2%. On the FX, this week, the higher-yielding currencies (ZAR, RUB) grew most against the dollar. Such safe-heavens as Gold, JPY, CHF are leading the decline. Brent crude oil has stabilized at around $55 after touching grades below $54 earlier today. Among FxPro traders interest in CHF sharply increased, the share of open positions in EURCHF and USDCHF pairs is above 14.5%, second highest to EURUSD (23%) and noticeably above markedly ahead of gold (10.8%) and GBPUSD (8%). In stock markets, the focus turns to the dynamics of Tesla shares jumped 16% on Tuesday open after a jump of 20% a day earlier. Classical short squeeze reaction. Alphabet shares (Google’s parent) lose 4% after a disappointing quarterly report.
Important events (GMT): 15:00 US !! Factory Orders 22:45 NZ !!! Unemployment Change 01:45 Cn !! Markit Services PMI
- 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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