Market overview
FX: USD recaptures its positions in anticipation of Powell’s speech. GBP remains below 1.25, falling to 2-year lows yesterday.
Stocks: The pressure on the stock indices went back during the Asia trading session. SPX returned to Tuesday’s opening levels, HengSeng at 2-week lows.
Commodities: Brent has grown to $64.70 after reports on the decline in the U.S. inventories. Gold at $1390, returning to a corrective decline.
Crypto: Bitcoin has gone up to $13000, but altcoins have ignored the latest wave of growth.
Important upcoming events (GMT):
08:30 UK [!!!] Monthly GDP 14:00 CA [!!!] Bank of Canada rate decision 14:00 US [!!!] Powell’s report to Congress 18:00 US [!!!] FOMC meeting minutes
- 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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