Market overview FX: USD lost 0.5% on Thursday evening after comments of the FOMC member the rate cut; there is a slight pullback towards USD strengthening on Friday.
Stocks: Markets turned to growth on Thursday, SPX again above 3000. Asian markets are added on investors ‘hunt for yield’.
Commodities: Crude Oil adds 0.5% this morning after more than 7% drop since the start of the week. Gold retreated below $1440 after a jump to new 6-years highs at $1450.
Crypto: Bitcoin is sliding below $10500 on Friday morning after jumping by 10% overnight. Top 10 altcoins grew by 2%-8% over the past 24h.
Important upcoming events (GMT):
12:30 Ca [!!!] Retail sales 14:00 US [!!] UoM Consumer Sentiment 15:05 US [!!] FOMC’s James Bullard speaks 20:30 US [!!] FOMC’s Eric Rosengren 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…
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