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Bitcoin and the altcoin market as a whole have begun to give up, loosing almost 4% to $7,600 over the past 24 hours

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Fears of trade wars pushed markets to important levels

Chinese #HengSeng fell to 4-month lows and below the 200-day moving average;

#SPX decreased by 4.1% this month;

#EURUSD is melting to one step from important 2-years lows at 1.1100;

#Brent stood at $69.50, below important level $70 and MA50 and halfway from MA200 at $69 now.

Read more in FxPro Markets review
#WaveAnalysis: #WTI is expected to fall further and retest the next support level 57.50
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#WaveAnalysis: #EURCAD is expected to rise further and retest the next resistance level 1.5180
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πŸ—“ Important upcoming events and publications for May 24 (GMT):

πŸ‡¬πŸ‡§ 08:30 U.K. Retail sales (rescheduled from May 23). Risks for GBP: High. Sales are expected to decline by 0.4% m/m and slowing to 4.5% y/y after jumping by 1.1% m/m and 6.7% y/y a month earlier. The values above the forecast are favourable for the Pound.

πŸ‡ΊπŸ‡Έ 12:30 U.S. Durable goods orders. Risks for USD: Moderate. In April, it is expected to fall by 2.0% after an increase of 2.7% a month earlier. Growth above the forecast is favourable for the dollar.

πŸ›’ 17:00 U.S. Rig Count. Risks for Brent, WTI: Moderate. Since February, the number of drilling rigs has been in decline, despite the rise of Crude oil prices. The decline is favourable for Crude Oil.

Detailed economic calendar
#USD retreats significantly to the so-called safe #JPY, #CHF. On Friday morning the stock markets note carefully rollback after the drop a day earlier, #Nikkei225, #SPX recoup some of their losses Thursday. #Brent recovering reduces more than 5.5% decline the day before. #Gold and #Bitcoin are growing up.
Markets recover after the drop
Demand for risky assets is straightened at the beginning of the day on Friday: stock indices are growing (#SPX), bond yields (#UST10) - recouple the recent decline. But for now, it's more like end-of-the-week profit-taking after the strong move.

#EURUSD bounced from1.1100.

Chart of the day: #USDX turned down after touching 2-year highs within an upward channel.

Read more in the FxPro market review
#WaveAnalysis: #EURCHF is expected to fall further and retest the next support level 1.1180
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#WaveAnalysis: Gold is expected to rise further and retest the next resistance level 1300.00
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πŸ—“ Important upcoming events and publications for May 27-31 (GMT):

Tuesday, May 28
πŸ‡ΊπŸ‡Έ 14:00 U.S. CB Consumer Confidence
πŸ‡³πŸ‡Ώ 21:00 RBNZ Financial Stability Report

Wednesday, May 29
πŸ‡©πŸ‡ͺ 07:55 German Unemployment
πŸ‡¨πŸ‡¦ 14:00 Bank of Canada Overnight Rate

Thursday, May 30
πŸ‡ΊπŸ‡Έ 12:30 U.S. GDP, Second estimate
πŸ›’ 15:00 U.S. Weekly Crude Oil Inventories

Friday, May 31
πŸ‡¨πŸ‡³ 01:00 China Manufacturing PMI
πŸ‡©πŸ‡ͺ 12:00 German CPI
πŸ‡¨πŸ‡¦ 12:30 Canadian GDP
πŸ‡ΊπŸ‡Έ 12:30 U.S. Personal Income / Outlays

Detailed economic calendar
#USD retreats from the end of last week. #EUR once again above 1.1200, the victims of last week's #GBP, #AUD develops rebound. Stock indices (#DJI, #ChinaA50) are growing, pushed away from local lows. #Bitcoin made another breakthrough over the weekend.
FxPro
Markets recover after the drop Demand for risky assets is straightened at the beginning of the day on Friday: stock indices are growing (#SPX), bond yields (#UST10) - recouple the recent decline. But for now, it's more like end-of-the-week profit-taking after…
Markets roll back after last week decline, EURUSD tests 1.1200. Again

A long weekend in the United States and the U.K. set up a sluggish course of trading on world markets;

10-years US Treasuries yield maintains the downward trend;

SPX, HengSeng sluggishly rebounding after a decline last week;

EURUSD again and again all over 1.1200;

Bitcoin jumped by 10% over the weekend after it settled down last week;

Read more in the FxPro market review
#WaveAnalysis: #Wheat is expected to rise further and retest the next resistance level 500.00
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#WaveAnalysis: #USDCHF is expected to rise further and retest the next resistance level 1.01000
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πŸ—“ Important upcoming events and publications for May 28 (GMT):

πŸ‡©πŸ‡ͺ 06:00 German consumer climate Index. Risks for #EUR: Moderate. Analysts expected it will remain at 10.4 for the third month in a row. In March last year, the indicator has reached its peak values at 11 and has been somewhat decreasing since. The values above the forecast are favourable for the Euro.

πŸ‡ΊπŸ‡Έ 13:00 U.S. House Price Index. Risks for #USD: Moderate. It is scheduled two reports for March, from FHFA and S&P. The annual growth rate of prices is expected to accelerate. The values above the forecast are favourable for the Dollar.

πŸ‡ΊπŸ‡Έ 14:00 U.S. Consumer confidence indicator. Risks for #USD: High. It is expected to increase from 129.2 to 130.1. The index rose slightly after the drop in January. Values above the forecast are favourable for the Dollar.

Detailed economic calendar
#USD recovers to the #GBP and #EUR. #SPX gained 0.2% over the past 24h, #ChinaA50 grew by 1.3% on hopes for more government stimulus. #Brent develops rebound, #Gold and #Bitcoin hold their positions.
Global markets false lull
The Chinese market on Tuesday grew by more than 1% on hopes for renewed government stimulus after week profit margin data.

Trade war fears decreased somewhat, but

Bond markets show anxiety as #UST10 yield fell

#EURUSD failed to stay above 1.1200

Chart of the day: #Gold saw increased pressure after some respite

Read more in the FxPro market review
#WaveAnalysis: #AUDCAD is expected to rise further and retest the next resistance level 0.9350
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#WaveAnalysis: #Corn is expected to rise further and retest the next resistance level 425.00
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#Bitcoin’s Sunday rally lost momentum closer to $9,000. On its way to the current level, Bitcoin broke several resistances, therefore, the fact that the market is consolidating again is not surprising.

Since the beginning of April, a certain pattern of Bitcoin behaviour has become noticeable: growth spurts are followed by consolidation or a short correction and then, by a new growth impulse.

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πŸ—“ Important upcoming events and publications for May 29 (GMT):

πŸ‡©πŸ‡ͺ 07:55 Unemployment in Germany. Risks for EUR: moderate. This month, it is expected the number of unemployed drops by 8K after a decline by a 12K month earlier. the Number of unemployed maintains a trend of decline for more than five years, but the slowdown in economic growth may interrupt it. The data is less than the forecast favourable for the Euro.

πŸ‡¨πŸ‡¦ 14:00 Bank of Canada rate decision. Risks for CAD: high. BoC is expected to keep the key rate at 1.75% and stick to a wait-and-see mode. The willingness to lower the rate may become an unpleasant surprise for the Canadian dollar.

Detailed economic calendar