Market overview
High volatility remains on the stock markets, but on Thursday, the indices are moving in both directions, not only down. DJI adds 1.6%. FTSE100 added 0.8%, EuroStoxx50 – strengthens by 2.0%.
Today, there have been new policy easing from the Fed, the Bank of England, the Reserve Bank of Australia, Brazil, South Africa and many Asian Central Banks. Despite softening policies, some of the currencies of developing countries are adding, believing that these measures will support the economy in the future.
Gold is trading at $1482, for the first time in 15 months, stably trading below the 200-day average.
Brent is adding $0.5 to Wednesday’s close. WTI grew 8% today, supported by the announcement strategic reserve buying in the USA.
Despite the unstable nature of trading and the persistence of increased volatility, there are more and more “growth zones” – market sectors where purchases occur. For now, it may be bargain hunters, not long-term buyers.
Important events, GMT (Exp.): EA !!! ECOFIN Meetings 13:00 US !! Existing Home Sales 17:00 WTI !!! Baker Hughes US Rig Count
- WTI crude oil reversed from support area - Likely to rise to resistance level…
- AUDJPY reversed from support area - Likely to rise to resistance level 103.00 AUDJPY…
German industrial production continues to decline. The rate of contraction in March was slightly better…
US indices have been gaining daily since the beginning of May. They have found strength…
Market picture The crypto market has lost 2% of its capitalisation over the last 24…
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
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