Market overview
FX: The dollar index remains in the range 97.9-98.2. EURUSD stays just below 1.1000. The dollar adds to all major currencies, strengthening from 0.1% to CHF to 0.8% to ZAR. Foreign exchange market volatility rose from a low level.
Stocks: S&P500 futures are losing 0.1% in the morning after a 0.8% drop the day before. Nikkei225 corrects after rally at the beginning of the month. The VIX volatility index jumped from 14.9 to 17.2.
Commodity: Brent continues to decline, dropping to $61.2. Nervousness of the markets helps Gold growth to $1530.
Crypto: Bitcoin fell by 14% to $ 8300. Top 10 altcoins lose from 12% to 25% in the last 24 hours.
Important upcoming events (GMT):
10:00 GBP [!!] U.K. CBI Realized Sales 12:00 USD [!!] FOMC Member Charles Evans Speaks 14:00 USD [!!] U.S. New Home Sales 14:30 USD [!!] 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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