Market overview High volatility of stock markets after yesterday’s collapse remains. S & P500 since the start of trading on Friday added 3.7% after a collapse of 9.9% the day before. EuroStoxx50 grows by 5.5%, FTSE100 – by 4.4%.
DXY grew 0.5% today, returning above the 50- and 200-day averages and the levels for the start of the month. Massive injections of liquidity around the world caused the sale of JPY, GBP, CHF. GBPUSD fell to 1.2500, EURUSD – to 1.1100.
Gold now at $ 1,570 finding support near $ 1,550 earlier today.
Brent is at $ 35.7 (+ 7% to intraday lows). The recovery in the markets has somewhat reduced the pressure on oil quotes.
Important events, GMT (Exp.):
02:00 Cn !! Retail Sales, Feb (8.0% y/y) EA !! Eurogroup Meetings 12:30 US !! Empire State Manufacturing Index
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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