Market overview
Stock market volatility rolls over. Trading in US indices trading halted during the day after reaching the limit-down, losing more than 8% from Friday’s closing level. EuroStoxx50 decreased by 7%, partially recovering from more than 10% intraday drawdown, FTSE100 declining 6.5% from 9.9% drop earlier.
The dollar index decreased to lows since October 2018; the FX market volatility is off the screens. JPY, EUR, CHF add more than 1% to the dollar.
Extreme volatility in stocks and commodity assets has played against gold, which is losing 0.9% to $ 1,667.
Brent is trading near $37, +13% from the intraday lows, but still 19% lower than Friday’s close at $45.6. WTI rebounded to $35 after falling to $27.62 – the lowest since 2003.
The views of investors switched to the possible actions of the monetary and financial authorities of different countries in response to increased market volatility.
Important events, GMT (Exp.):
01:00 NZ !!! RBNZ Governor Adrian Orr Speaks 01:30 Cn !! Consumer Price Index, Feb (5.2% y/y) 10:00 US ! Small Business Optimism, Feb (102.7)
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies