Market Overview

FxPro Daily Insight for March 6

Market overview There is no shortage of strong moves on Friday, despite the proximity of the US NFP publication, in anticipation of which the markets often subside. A day earlier, the S & P500 lost 3.4%, and before the start of trading in the US, futures indicated a 2.6% drop. EuroStoxx50 loses more than 3.7%; the FTSE100 is down 3.3% since the beginning of the day.

The dollar tumbles down to major currencies, but adds to RUB, ZAR, as the markets expect even more aggressive easing from the Fed, expecting less active action from other central banks. AUD and NZD stand out among those growing against the dollar – sales pressure is not as intense in Asia as in Europe and the USA.

Gold is storming this year highs near 1690, adding 0.8%.

Brent collapsed to $ 47.5, to 2.5-year lows amid difficult negotiations between OPEC and Russia.

Important events, GMT (Exp.):

13:30 US !!! Non-Farm Employment, Feb (+185K) 13:30 Ca !!! Employment Change, Feb (+10K) All !!! OPEC-JMMC Meetings

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