Market overview
FX: The dollar lost 0.4% per day to 98.35 DXY amid a recovery in demand for risks. An increase in demand for riskier assets causes a further weakening of the dollar against most major currencies. AUD and ZAR are the leaders in the growth to USD, adding 0.4% this morning. TRY and CHF lost within 0.2%.
Stocks: S&P500 futures remain in green, added 1.5% over the past day. MSCI World is increased by 1.5% over the last 24h, on optimism around the US-China talks. The VIX volatility index fell from 18.6 to 17.3.
Commodities: Brent is trading at $ 60.3, adding about 4%. Gold fell to $ 1,500 due to lower demand for safe-harbours.
Crypto: Bitcoin loses 33% to $ 8,350 in 24 hours. The top 10 altcoins ranged from -3.4% (BCH) to + 0.7% (Tether).
Important upcoming events (GMT):
10:00 EUR [!!!] ECB President Draghi Speaks 12:30 CAD [!!!] Canada Employment Change 14:00 USD [!!] US Consumer Sentiment
- 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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