Market overview
Markets shrug off fears of the spread of coronavirus. Influence on markets is becoming more selective (at the level of companies and sectors, rather than the overall risk-off).
Now focus of market participants turns to monetary policy and possible changes in the tone of the Fed’s comments later this evening. Against this background, the USD is experiencing some traction to the detriment of so-called yielding currencies.
Yesterday after market close Apple and several other companies issued robust earnings reports, which supported the demand for risks. Later Today, AT&T, Boeing, McDonalds, MasterCard report before the US market open. After its close, Microsoft, Facebook, Tesla and many more will present their quarterly results.
Important events (GMT):
00:30 AU !!! Consumer Prices Index 13:30 US !! Goods Trade Balance 15:30 US !! Crude Oil Inventories 19:00 US !!! FOMC Rate Decision 19:30 US !!! FOMC Press-conference
Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3…
- 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…
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