FX: Foreign exchange market volatility remained high on Monday. The dollar index virtually unchanged on Tuesday morning after growth by 0.4% on Monday. EURUSD treads around 1.1100. GBPUSD retreated from the area of monthly highs from 1.2260 to 1.2220.

Stocks: Futures for S&P500 lost 0.3% this morning after the jump by 1.1% on Monday. MSCI Asia Pacific decreased by 0.4%. The VIX volatility index fell 3% to 19.32.

Commodities: Brent price almost unchanged this morning changing hands by $ 58.30 after failed growth overnight. Gold gains 0.3% from the start of the day at $1534 after a pullback from $1555 to $1525.

Crypto: Bitcoin remains in a narrow range just above 10K. Top 10 altcoins lose from 1.5% to 4.5% in the last 24 hours.

Important Upcoming Events (GMT):

08:30 GBP 🇬🇧 [ !!] UK High Street Lending
13:00 USD 🇺🇸 [ !] US S&P/Case-Shiller 20 City
14:00 USD 🇺🇸[!!!] US CB Consumer Confidence

Detailed economic calendar

Bit-comment
Bitcoin remains within the established range of the last 6 days. Over the past 24 hours, the cryptocurrency has lost just over a little more than a per cent and traded around $10,200.

Technical analysis shows that Bitcoin is in the triangle, gathering strength for a breakthrough.

https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-does-not-dare-to-exit-a-narrow-range-20190827/

Stocks’ bumpy ride and cautious FX safe-haven demand

Financial market tension has eased somewhat on brighter trade deal prospects. However, the stock markets are on the roller coaster, where sharp declines are replaced by a strong recovery.

The sentiment on Tuesday can be described as cautious optimism: the main Asian indices showed small growth as the MSCI index of the Asia-Pacific region added 0.4%.

But it is difficult to ignore the alarming signals of the currency market where JPY gained, CNH fell and AUD stood in a tight range.

https://fxpro.news/daily-forex-outlook/stocks-bumpy-ride-and-cautious-fx-safe-haven-demand-20190827/

Central bankers are more interested in cryptocurrencies than investors

Bitcoin continues to trade at $10,200 within the range set 6 days ago, losing almost 2% in the last 24 hours. Leading altcoins are losing 2-5%.

The unexpected statement of the head of the Bank of England Mark Carney during his speech in Jackson Hole can be considered as a confirmation of the growing integration of digital currencies.

https://fxpro.news/analysis-and-insight/central-bankers-are-more-interested-in-cryptocurrencies-than-investors-20190827/

FX: The FX market volatility reduced in the absence of important news. The dollar index has virtually unchanged for the third day at 97.9. EURUSD treading waters around 1.1100. GBPUSD recovered to 1.2300 on news that the opposition is opposed to no-deal Brexit.

Stocks: S&P 500 futures are almost unchanged this morning after falling by 0.3% on Tuesday. MSCI Asia Pacific runs around levels at the start of the day. The VIX volatility index rose from 19.3 to 20.3.

Commodities: Brent unchanged from the beginning of the day at $ 59.40 after rising 2.3% on Tuesday. 1540 Gold after rising 1% a day earlier.

Crypto: Bitcoin remains in a narrow range just above 10K. Top-10 altcoins have not changed much in price over the past 24 hours.

USD strengthened as trade wars make China a deflation exporter

While trade disputes remain unresolved, China could be the main exporter of deflation in the world with plunging CNY. Except for the U.S. And this may push the USD higher

https://fxpro.news/daily-forex-outlook/usd-strengthened-as-trade-wars-make-china-a-deflation-exporter-20190828/

Bit-comment: Crypto market froze before the launch of the delivery futures from Bakkt

Bitcoin has lost about a per cent in the last 24 hours and trades close to $10,100. The market participants are now focused on the nearest potentially influential event – the launch of the delivery futures for bitcoins from Bakkt, planned for September 23 but the desired price jump may not happen.

https://fxpro.news/analysis-and-insight/bit-comment-crypto-market-froze-before-the-launch-of-the-delivery-futures-from-bakkt-20190828/

#WaveAnalysis
#EURGBP is expected to rise further and retest the next resistance level 0.9150

https://fxpro.news/market-snapshots/eurgbp-wave-analysis-28-august-2019-20190828/

#WaveAnalysis
#Corn is expected to fall further and retest the next strong support level 343.50

https://fxpro.news/market-snapshots/corn-wave-analysis-28-august-2019-20190828/

FX: Except for GBP pairs, the FX volatility reduced. The dollar index is adding less than 0.1% to 98.17 after strengthening 0.2% on Wednesday. EURUSD fell to 1.1075, a 27-month lows area. GBPUSD slid below 1.2200 due to lengthy parliamentary vacations ahead of Brexit.

Stocks: S&P 500 futures jumped 0.8% in recent minutes after gaining 0.5% the day before. MSCI Asia Pacific is adding 0.13% in the morning. The VIX volatility index fell from 20.3 to 18.9.

Commodities: Brent stood at $59.80 after rising 0.7% on Wednesday. Gold rolled back to $1540 after another failure to climb above $1550.

Crypto: Bitcoin failed at the end of the day on Wednesday with $10,200 and is trading at $9,400. The top-10 altcoins losing from 5% to 12% in the last 24 hours.

Important Upcoming Events (GMT):
12:00 EUR [!!] Germany Consumer Price Index
12:30 USD [!!] U.S. Gross Domestic Product
12:30 USD [!!!] U.S. Goods Trade Balance

Detailed economic calendar

The dollar set to grow, amidst a weak U.S. economy

If Europe and the U.S. duplicate the processes that previously characterised Japan, it could be disastrous for the economy. But paradoxically, this does not mean that currencies will weaken in the coming months. Quite the contrary.

https://fxpro.news/daily-forex-outlook/the-dollar-set-to-grow-amidst-a-weak-u-s-economy-20190829/

Hard times for the Bitcoin, last days for the altcoins?
On Thursday morning the first cryptocurrency continues to test support levels, reaching $9,400 and losing 7% during the last day. The decline is aggravated by the growth of trading volumes.

If the Bitcoin shows correction, an altcoin market faces a real bloodbath. The limit of confidence for alternative cryptocurrencies has been exhausted for some time now, while at the stage of correction, altcoins sell even more fiercely.

https://fxpro.news/analysis-and-insight/hard-times-for-the-bitcoin-last-days-for-the-altcoins-20190829/

#WaveAnalysis
#AUDCHF is expected to rise further and retest the next resistance level 0.6670

https://fxpro.news/market-snapshots/audchf-wave-analysis-29-august-2019-20190829/

#WaveAnalysis
#NaturalGas is expected to rise further and retest the next resistance level 2.340

https://fxpro.news/market-snapshots/natural-gas-wave-analysis-29-august-2019-20190829/

FX: The dollar index added 0.1% this morning to 98.50 after gaining 0.3% on Thursday, near highs since 2017. EURUSD fell to 1.1035, testing 27-month lows. GBPUSD fell to 1.2170. The FX market volatility decreased somewhat.

Stocks: S&P 500 futures added 0.2% after rising 1.5% and near the upper limit of the August trading range. MSCI Asia Pacific grew 1% in the morning. The VIX volatility index fell from 18.9 to 17.90.

Commodities: Brent stay unchanged on Friday morning at $ 60.20 after rising 0.7% on Thursday. Gold rolled back to $1527 following a decline in craving for defensive assets.

Crypto: Bitcoin stabilized near $9500 after a failure the day before. The top 10 altcoins range from -4% to + 4% over the past 24 hours.

Important Upcoming Events (GMT):
08:30 GBP 🇬🇧 [!!] U.K. Net Lending to Individuals
09:00 EUR 🇪🇺 [!!] Euro area Consumer Price Index
12:30 CAD 🇨🇦 [!!!] Canada Gross Domestic Product
12:30 USD 🇺🇸 [!!] U.S. Personal Income / Outlays

Detailed economic calendar

Will Trump stop USD growth?

Over the last 1 1/2 year, the growth of the USD was mainly is due to President Trump's trade talks, rather than the Fed hawkishness.

But Trump, in theory, can reverse this dollar trend in two ways: by quickly resolve trade conflicts and by considering interventions

https://fxpro.news/daily-forex-outlook/will-trump-stop-usd-growth-20190830/

Bit-comment: #Bitcoin stabilized around $9,500 finding support near July lows

https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-stabilized-around-9500-20190830/

In association with FxPro, Head of Race Strategy at McLaren Randeep Singh gives a detailed insight into the team's decision-making during the dramatic 2019 German Grand Prix.

Read the full article ➡️ http://mclrn.co/StrategyInsight