Market overview
FX: The dollar index lost 0.5% to 98.10, mainly due to a weakening against the EUR. EURUSD jumped to 1.1100 after a short-term decline to 1.0930 yesterday. European GBP, CHF, EUR are the leaders in growth. TRY is corrected after the jump the day before, commodity CAD, NOK are losing ground. The volatility of the foreign exchange market jumped sharply yesterday after the decision of the ECB.
Stocks: S&P500 Futures are up 0.3% since the start of the day after rising 0.2% on Thursday, Japan’s Nikkei225 rallies 10th day in a row, peaking since May. The VIX volatility index fell from 14.6 to 14.2.
Commodities: Brent is trading below $60, having managed to recover some losses after the drop to 58.40. Gold is at $ 1,500, despite a rebound from $1524 on Thursday.
Crypto: Bitcoin is trading near $10,300. The top 10 altcoins price changed from -3% to 2% in the last 24 hours.
Important upcoming events (GMT): 09:00 EUR [!! ] Euro area Trade Balance 12:30 USD [!!!] U.S. Retail Sales 14:00 USD [!! ] U.S. UoM 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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