#Bitcoin continues to hold positions around $8K, confirming the consolidation phase after a sharp surge to $9K.
Read more in our Bit-comment
Read more in our Bit-comment
Markets were buyouts on Thursday on hopes that the US administration may postpone the date for the introduction of tariffs. #SPX grew 3.9% this week after soft start.
Another positive factor was speculation about Central Bank's easing soon.
#Gold and #EURUSD had unsuccessfully tried to hit above $1340 and 1.1300 respectively.
Chart of the day: #NFP
The expected growth by 180K is under question after very weak ADP data but ISM and Unemployment claims report did not confirm the ADP's drop.
Read more in the FxPro market review.
Another positive factor was speculation about Central Bank's easing soon.
#Gold and #EURUSD had unsuccessfully tried to hit above $1340 and 1.1300 respectively.
Chart of the day: #NFP
The expected growth by 180K is under question after very weak ADP data but ISM and Unemployment claims report did not confirm the ADP's drop.
Read more in the FxPro market review.
Well done! Our readers correctly predicted the growth of the EURUSD right after the Non-farm Payrolls.
At the end of the working week, #Bitcoin and altcoins demonstrate attempts to return to growth. No matter how paradoxical it may sound but correction and consolidation in accordance with the forecasts went as a positive factor for market participants, confirmed the retention of technical patterns. According to this pattern, after a rollback, the market will once again return to growth.
Read more in the FxPro Crypto Review
Read more in the FxPro Crypto Review
#WaveAnalysis: #NZDCAD is expected to fall further and retest the next round support level 0.8770
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#WaveAnalysis: #NaturalGas is expected to fall further and retest the next round support level 2.200
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π Important upcoming events and publications for June 10 (GMT):
π¬π§ 11:30 U.K. GDP. Risks for GBP: high. It is expected to decrease by 0.1% mom in April, as well as a month earlier. Another report on the foreign trade deficit is expected to show a slight decrease from 13.7B to 13.1B. Higher values are favourable for the Pound.
π¨π¦ 12:15 Canada Housing Starts. Risks for CAD: low. It is expected to decrease to 220K in May vs 235.5K a month earlier. However, the previous and expected levels are very high. Higher values are favourable for the Canadian dollar.
Detailed economic calendar
π¬π§ 11:30 U.K. GDP. Risks for GBP: high. It is expected to decrease by 0.1% mom in April, as well as a month earlier. Another report on the foreign trade deficit is expected to show a slight decrease from 13.7B to 13.1B. Higher values are favourable for the Pound.
π¨π¦ 12:15 Canada Housing Starts. Risks for CAD: low. It is expected to decrease to 220K in May vs 235.5K a month earlier. However, the previous and expected levels are very high. Higher values are favourable for the Canadian dollar.
Detailed economic calendar
#USD adds on Monday after a drop on the last week. The Mexican peso (#MXN) grew by more than 2% after the fast the U.S.-Mexico trade deal. Stock index futures (#SPX, #Nikkei225, #FTSE100) grew by more than 1% on speculation about the Fed's policy easing. #Gold is rolled back from this year peaks. #Brent develops recovery.
Stocks (#SPX, #Nikkei225, #DAX30) grew and USDMXN fell by 2% at the start of trading on Monday on fast U.S.-Mexico trade deal progress. Moreover, stocks have another boost on speculations on possible Fed easing that puts pressure on the USD.
#EURUSD fell back under 1.1300 this morning but still have an upward trend.
#Gold retreats under $1330 after the jump to year-to-date highs on Friday.
Read more in the FxPro market review.
#EURUSD fell back under 1.1300 this morning but still have an upward trend.
#Gold retreats under $1330 after the jump to year-to-date highs on Friday.
Read more in the FxPro market review.
Bulls and bears are playing tug-of-war with #Bitcoin. BTC lost more than 3% over the past 24h and is trading just above $7,650
Read more in our Bit-comment
Read more in our Bit-comment
#WaveAnalysis: #GBPCAD is expected to fall further and retest the next pivotal support level 1.6760
Read more
Read more
#WaveAnalysis: #Gold is expected to fall further and retest the next pivotal support level 1321.00
Read more
Read more
Market review
FX: Calm. The USD strengthened slightly, mainly due to the GBP decline.
Stocks: Moderate growth. SPX +0.4%, HengSeng +0.7%.
Commodities: Brent is recovering from a 2.2% drop on Monday. Gold unchanged.
Crypto: Bitcoin has stabilized after growth.
Important events and speeches
11:30 (!!!) U.K. Employment: prev 24.7K, forecast12.3K. Earnings: prev 3.2%, forecast 2.9%.
15:30 (!!!) U.S. Producer price index: prev. 2.2% YoY, forecast 1.9% YoY.
Detailed economic calendar
FX: Calm. The USD strengthened slightly, mainly due to the GBP decline.
Stocks: Moderate growth. SPX +0.4%, HengSeng +0.7%.
Commodities: Brent is recovering from a 2.2% drop on Monday. Gold unchanged.
Crypto: Bitcoin has stabilized after growth.
Important events and speeches
11:30 (!!!) U.K. Employment: prev 24.7K, forecast12.3K. Earnings: prev 3.2%, forecast 2.9%.
15:30 (!!!) U.S. Producer price index: prev. 2.2% YoY, forecast 1.9% YoY.
Detailed economic calendar
Financial markets are growing on the easing of financial conditions in China and on speculation around the imminent fed rate cuts.
#SPX boosted this month growth to 5.9%.
Supports for #EURUSD is gradually moving up.
#GBPUSD recovering from an oversold condition.
#Gold in decline after the markets rise.
Read more in the FxPro market review.
#SPX boosted this month growth to 5.9%.
Supports for #EURUSD is gradually moving up.
#GBPUSD recovering from an oversold condition.
#Gold in decline after the markets rise.
Read more in the FxPro market review.
At the beginning of the new work week, #Bitcoin found its buyers. Thus, at the moment, the minimum level of the current correction was $7600.
Read more in our Bit-comment
Read more in our Bit-comment
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Invest responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FX: #USD near 11-week lows to the basket of major currencies on expectations of Fed's easing.
Stocks: U.S. Indices (#SPX, #DJIA) lose 0.5% over 24h. #HengSeng drops by almost 2% due to protests in Hong Kong.
Commodities: #Brent fell 2.2% per day, losing more than $1 since the beginning of the day. #Gold turned to growth.
Crypto: #Bitcoin again tries to break above $8000, #Litecoin paused growth after 40% over the last week.
Important events and speeches (GMT)
(!!!) 08:15 ECB President Mario Draghi will deliver a speech titled βResilience to global headwinds?β
(!!!) 12:30 U.S. Consumer Price Index: prev. 2.0% y/y, forecast of 1.9% y/y
(!!) 14:30, U.S. Crude Oil Inventories: prev. 6.8M, forecast 0.5M.
Detailed economic calendar
Stocks: U.S. Indices (#SPX, #DJIA) lose 0.5% over 24h. #HengSeng drops by almost 2% due to protests in Hong Kong.
Commodities: #Brent fell 2.2% per day, losing more than $1 since the beginning of the day. #Gold turned to growth.
Crypto: #Bitcoin again tries to break above $8000, #Litecoin paused growth after 40% over the last week.
Important events and speeches (GMT)
(!!!) 08:15 ECB President Mario Draghi will deliver a speech titled βResilience to global headwinds?β
(!!!) 12:30 U.S. Consumer Price Index: prev. 2.0% y/y, forecast of 1.9% y/y
(!!) 14:30, U.S. Crude Oil Inventories: prev. 6.8M, forecast 0.5M.
Detailed economic calendar
Weak China CPI and the U.S. PPI data has tempered expectations to U.S. CPI release later today. These statistics may have a noticeable impact on the markets. Low inflation is able to increase pressure on the dollar, spurring expectations of a rapid decline in rates. Meanwhile on the markets
#SPX is showing signs of downward reversal after the rally;
#EURUSD crept to the 200-day average;
#Gold is on the rise again.
Chart of the day: #USDCHF has stabilized before the SNB meeting after a 3% decline over the past month.
Read more in the FxPro market review.
#SPX is showing signs of downward reversal after the rally;
#EURUSD crept to the 200-day average;
#Gold is on the rise again.
Chart of the day: #USDCHF has stabilized before the SNB meeting after a 3% decline over the past month.
Read more in the FxPro market review.
#Bitcoin stopped near the round $8000 level, which so far serves as a serious resistance. Nevertheless, it should be noted that earlier BTC showed a similar dynamics, gathering with forces around the threshold, and then swept away several levels of resistance on its way.
Read more, is it a reversal to a decline?
Read more, is it a reversal to a decline?