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
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: #EURCAD is expected to rise further and retest the next resistance level 1.5180
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π Important upcoming events and publications for May 24 (GMT):
π¬π§ 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.
πΊπΈ 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.
π’ 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
π¬π§ 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.
πΊπΈ 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.
π’ 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
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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π Important upcoming events and publications for May 27-31 (GMT):
Tuesday, May 28
πΊπΈ 14:00 U.S. CB Consumer Confidence
π³πΏ 21:00 RBNZ Financial Stability Report
Wednesday, May 29
π©πͺ 07:55 German Unemployment
π¨π¦ 14:00 Bank of Canada Overnight Rate
Thursday, May 30
πΊπΈ 12:30 U.S. GDP, Second estimate
π’ 15:00 U.S. Weekly Crude Oil Inventories
Friday, May 31
π¨π³ 01:00 China Manufacturing PMI
π©πͺ 12:00 German CPI
π¨π¦ 12:30 Canadian GDP
πΊπΈ 12:30 U.S. Personal Income / Outlays
Detailed economic calendar
Tuesday, May 28
πΊπΈ 14:00 U.S. CB Consumer Confidence
π³πΏ 21:00 RBNZ Financial Stability Report
Wednesday, May 29
π©πͺ 07:55 German Unemployment
π¨π¦ 14:00 Bank of Canada Overnight Rate
Thursday, May 30
πΊπΈ 12:30 U.S. GDP, Second estimate
π’ 15:00 U.S. Weekly Crude Oil Inventories
Friday, May 31
π¨π³ 01:00 China Manufacturing PMI
π©πͺ 12:00 German CPI
π¨π¦ 12:30 Canadian GDP
πΊπΈ 12:30 U.S. Personal Income / Outlays
Detailed economic calendar
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Forex Economic Calendar - FxPro News
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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 afterβ¦
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
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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π Important upcoming events and publications for May 28 (GMT):
π©πͺ 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.
πΊπΈ 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.
πΊπΈ 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
π©πͺ 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.
πΊπΈ 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.
πΊπΈ 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
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
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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#Bitcoinβs 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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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.
Read more
π Important upcoming events and publications for May 29 (GMT):
π©πͺ 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.
π¨π¦ 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
π©πͺ 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.
π¨π¦ 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