Market overview
FX: The dollar index returned to 99.0 after a 0.6% drop on weak US manufacturing data. USD in the morning adds to most currencies except JPY. EURUSD is back below 1.09. GBPUSD was down to 1.2230.
Stocks: S&P500 futures are losing 2.4% over the last 24h to 2920. MSCI World is declined 0.4%; major Asian indices lost about 1% on Wednesday. The VIX volatility index jumped from 16.1 to 19.4.
Commodities: Brent fell to $ 58.50, close to the early September lows. The downfall of the markets supported gold, which added 1.6% to $ 1,484.
Crypto: Bitcoin is losing about 2%, trading at $ 8,200. Top 10 altcoins lose 3% -6% in the last 24 hours.
Important upcoming events (GMT):
06:30 CHF [!!] Swiss Consumer Price Index 08:30 GBP [!!] U.K. Construction PMI 12:15 USD [!!!] U.S. ADP Non-Farm Employment Change 14:30 WTI [!!] U.S. Crude Oil Inventories
- 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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