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
JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…
EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…
AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…
Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…
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