Market overview
US indices are losing 3.5% on Friday after 6.4% growth a day earlier. The market rebound due to injections of liquidity from the Central Bank and massive incentives stalls amid signals of a weakening economy.
DXY loses the 6th consecutive trading session following the massive Fed’s QE and swap lines. EURUSD climbed to 1.1050. GBPUSD develops a sharp rebound, trading at 1.2400, starting the week at 1.1450. Commodity currencies are again weakening towards USD.
Gold is still having difficulty rising above $ 1,630.
Brent is losing more than 5% to $ 27.50 due to speculation around a sharp drop in demand and the lack of OPEC’s desire to cut production.
The global tipping point with the spread of coronavirus has not yet arrived, maintaining a shaky foundation under market recovery.
Important events for March 30, GMT (Exp.): 07:00 Sw !! KOF Economic Barometer (Mar, 85) 12:00 Ge !!! Consumer Price Index (Mar, 0.0% m/m) 14:00 US !! Pending Home Sales (Feb, -1.8% m/m)
Apple: ⬆️ Buy - Apple reversed from the support zone - Likely to rise to…
EURGBP: ⬆️ Buy - EURGBP broke the resistance zone - Likely to rise to resistance…
The selling pressure on the US dollar is due to the sell-off in equities and…
Crypto market cap fell 2% to $2.46 trillion in 24 hours, retesting the $2.40 trillion…
Bitcoin’s struggle continues, and the market’s rebound might not last. But what’s really driving the…
GBPCHF: ⬇️ Sell - GBPCHF broke the support zone - Likely to fall to support…
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