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
- WTI crude oil broke resistance area - Likely to rise to resistance level 76.00…
- S&P 500 reversed from support area - Likely to rise to resistance level 6000.00…
The technical picture for gold is mixed, but a dip below the 50-day moving average…
The US stock market is starting the year in a state of fear, as reflected…
The crypto market is struggling to grow without the support of stock markets, with reduced…
- NZDUSD broke key support 0.5600 - Likely to fall to support level 0.5500 NZDUSD…
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