Market overview FX: USD declined against most major currencies after hints of the Fed’s readiness to ease policy
Stocks: U.S. indices returned to the all-time highs, but the Asian markets are dominated by a more cautious tone.
Commodities: Brent jumped 4% on Wednesday, trading above $67. Gold soared 2.5% to $1,420, returning to the area of the 6-years high.
Crypto: Bitcoin fell to $11100, unable to cling to the levels above $13000. Major altcoins lose from 6% to 20%, duplicating the decline.
Important upcoming events (GMT):
10:00 UK [!!!] Speech by BoE’s governor with a report on financial stability 11:30 EU [!!] ECB Monetary Policy Meeting Accounts 12:30 US [!!!] Consumer price index 14:00-17:30 US [!!] Powell and other FOMC members speeches
- 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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