Market overview FX: GBP loses 0.4% on BoE’s fears around the effects of trade wars; JPY and CHF rose due to demand for safety bonds. Stocks: SPX plies near the highs in anticipation of further signals. ChinaA50 retreats from two-month highs. Commodities: Brent loses 3.5% despite OPEC+ support current quotas until March 2020. Gold back to the highs, jumping by 2.6%. Crypto: the Crypto Market turned to growth after a deep correction. Bitcoin rose by 16% over last 24h to $11400.
Important upcoming events (GMT): 08:00 EU [!!] Services PMI 08:30 UK [!!] Services PMI 12:15 US [!!!] ADP Employment report 14:00 US [!!!] Non-manufacturing ISM
- 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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