Market overview Stock volatility remains extremely high. After a strong, but short-lived rebound, indices again turned to decline. S&P500 adds 2.5%. EuroStoxx50 strengthened by 1%, FTSE100 is growing by 2.1%.
The dollar index has returned to the lows since June 2019; the FX volatility remains exceptionally high by historical standards. JPY, EUR, CHF are the leaders of the decline. The rebound in commodity prices made ZAR, RUB, NOK the growth leaders to USD.
Gold is down for the second day, trading at $ 1,657 after touching $ 1,700 on Monday morning.
Brent near $37, experiencing obvious difficulties on attempts to grow above $38. For WTI, the level of $35 became short-term resistance.
The market was dominated by buyers in the first part of the day on hopes of coordinated and strong global stimulus. However, the last minutes are marked by increased sales.
Important events, GMT (Exp.): 09:30 UK !! GDP, Jan (0.1% 3m/3m) 11:30 UK !!! Annual Budget Release 12:30 US !!! Consumer Price Index, Feb (2.2% y/y)
Bitcoin: ⬆️ Buy - Bitcoin broke resistance area - Likely to rise to resistance level…
NZDJPY: ⬇️ Sell - NZDJPY reversed down from the resistance area - Likely to fall…
Leverage is a mechanism that lets traders control larger positions using smaller capital. By choosing…
US GDP growth is driven not by the White House, but by AI. The Bank…
The crypto market surges, hitting new highs, with bullish sentiment for Bitcoin and Ethereum amid…
Brent Crude oil ⬆️ Buy - Brent Crude oil rising inside impulse wave c -…
This website uses cookies
