Market overview
FX: The dollar index on Wednesday morning adds 0.1% to 97.8 on new escalation of trade conflicts. The demand for the yen is also growing. EURUSD lost ten pips in the morning to 1.1070. GBPUSD fell to 1.2910 after unsuccessful attempts to climb above 1.30 at the beginning of the week.
Stocks: Futures for S&P500 reversed down on Tuesday and continue decline on Wednesday. US indices plunged from overbought RSI. MSCI World loses 0.1% The VIX volatility index rose from 12.3 to 12.9.
Commodities: Brent failed at $ 60.0, losing $ 1.1 on Tuesday morning. Send it for $ 1,477.
Crypto: Bitcoin’s downward trend is developing. The course fell to $8060, declining 11 of the last 12 sessions. Top 10 altcoins in the red zone, varying from -3.0% (BSV) to + 0.2% (XRP).
Important upcoming events (GMT):
13:30 CAD [***] Ca Consumer Price Index 15:30 WTI [**] US Crude Oil Inventories 19:00 USD [***] FOMC Meeting Minutes
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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