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

#WaveAnalysis
#NZDCAD is expected to fall further and retest the next support level 0.8300

https://fxpro.news/market-snapshots/nzdcad-wave-analysis-29-august-2019-20190830/

#WaveAnalysis
#Platinum is expected to rise further and retest the next resistance level 950.00

https://fxpro.news/market-snapshots/platinum-wave-analysis-29-august-2019-20190830/

FX: The dollar index is unchanged at the beginning of the week at 98.80 after strengthening by 0.4% on Friday, updating the highs from 2017. EURUSD slid below 1.10. GBPUSD fell to 1.2170. At the same time, market volatility slightly decreased.

Stocks: S&P 500 futures opened the week with a 0.9% fall, but have already recaptured about half of the initial failure. MSCI Asia Pacific is losing 0.25%. The VIX volatility index has grown from 17.90 to 18.98.

Commodities: Brent is adding 0.2% to 58.98 after failing at 2.6% on Friday. Gold rolled back to $1523 amid rising dollar.

Crypto: Bitcoin is making growth attempts at $ 9,750, finding the bottom at 9,300 on Thursday and Friday. Top 10 altcoins vary in the range from -2.7% to + 4% over the past 24 hours.

Important Upcoming Events (GMT):
08:00 EUR 🇪🇺 [ !!] Euro area Manufacturing PMI
08:30 GBP 🇬🇧 [!!!] U.K. Manufacturing PMI
All day U.S. Labor Day

Detailed economic calendar

#Bitcoin spent the weekend in a sideways trend, frozen at $9,600. On Monday morning Bitcoin shows signs of a revival, adding almost 1.5% over the last 24h.

https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-spent-the-weekend-in-a-sideways-20190902/

The dollar’s ascending to the top

The dollar grew against most competitors as American capital flee to safety with new nighs for USDCNH and EURUSD fell under 1.10. But with a lot of major releases this week, the main battle for 1.10 may be ahead.

https://fxpro.news/daily-forex-outlook/the-dollars-ascending-to-the-top-20190902/

#WaveAnalysis
#EURAUD is expected to fall further and retest the next support level 1.6220
https://fxpro.news/market-snapshots/euraud-wave-analysis-02-september-2019-20190902/

#WaveAnalysis
#Palladium is expected to rise further and retest the next resistance level 1575.00

https://fxpro.news/market-snapshots/palladium-wave-analysis-02-september-2019-20190902/

FX: The dollar index advanced for the seventh session in a row to 99.20, adding 0.3% in the morning. EURUSD fell to 1.0930. GBPUSD fell briefly below 1.20. Except for the pound, market volatility was reduced due to a holiday in the US.

Stocks: S&P 500 futures did not manage to develop a rebound, declined by 0.4% to Friday's closing levels. Hong Kong and Shanghai indices fell slightly on Tuesday morning.

Commodities: Brent fell by 1.3% over the last 24h to $ 58.20. Gold is trading near $1527, balancing in the range of $1520-$1530 for 3rd trading session.

Crypto: Bitcoin jumped to $ 10300, reinforcing a rebound from the “bottom” at 9300. Top-10 altcoins have been added in the range from 1.5% to 5.5% over the past 24 hours.

Important Upcoming Events (GMT):

08:30 GBP 🇬🇧 [!!] U.K. Construction PMI
14:00 USD 🇺🇸 [!!!] ISM Manufacturing PMI
21:00 USD 🇺🇸 [!!] FOMC Member Eric Rosengren Speaks
01:30 AUD 🇦🇺 [!!!] Gross Domestic Product

Detailed economic calendar

What Pound and Euro Drop Amid Stock Rise Tells Us About?
The British pound fell to the 34-year lows area to 1.1960 at one point, declining for the fifth trading session in a row.

But the FTSE 100 index added 3.1% during the same period.

Similarly, the euro and the European stock market show different signals.

This may well be a signal that stock markets are positively assessing the weakening of the euro and pound as a measure to boost economic growth, despite the signals we have been receiving in recent days.

https://fxpro.news/daily-forex-outlook/historical-pound-drop-and-unexpected-stock-rise-20190903/

Bitcoin: local rebound, not safe-haven demand

Market participants would like to classify BTC as a protective asset but fluctuations of tens of per cent per day do not correlate well with the definition of a safe haven.

If you look away from the media reports and focus only on the charts, you will see that Bitcoin received support at the end of last week on the decline to the region of $9,300. Indeed, this is same the level where the purchases intensified in July and August. At the same time, it is worth paying attention to a series of declining highs in the BTCUSD rate since the end of June.

https://fxpro.news/analysis-and-insight/bitcoin-local-rebound-not-safe-haven-demand-20190903/

#WaveAnalysis
#Brent Crude is expected to fall further and retest the next support level 56.00

https://fxpro.news/market-snapshots/brent-crude-oil-wave-analysis-03-september-2019-20190903/

#WaveAnalysis
#EURUSD is expected to fall further and retest the next support level 1.0900

https://fxpro.news/market-snapshots/eurusd-wave-analysis-03-september-2019-20190903/

FX: The dollar index retreated from the two-year highs at 99.30 on the alarming data, falling 0.5% from Tuesday's highs. EURUSD rose to 1.0980. GBPUSD bounces after a drop to 1.1960, reaching 1.2130. Currency market volatility is increasing.

Stocks: S&P 500 futures are gaining support, adding 0.9% from the start of the day. Hong Kong's market index jumped 3.7%, Shanghai's blue chips are up 1% on a strong report on service activity. The VIX volatility index has grown from 18.98 to 19.66.

Commodities: Brent price almost not changed over the last 24 hours, remaining at $ 58.30. Gold rolled back to $1537 after another failed attempt to climb above $1550.

Crypto: Bitcoin remains at $ 10,500, losing the growth momentum but avoiding decline. Top-10 altcoins price changes vary in the range from -2.5% to + 1.2% over the past 24 hours.

Important Upcoming Events (GMT):

08:00 EUR 🇪🇺 [ !!] Euro area PMI Composite
13:15 GBP 🇬🇧 [!!!] U.K. Inflation Report Hearings
14:00 CAD 🇨🇦 [!!!] Bank of Canada Overnight Rate
17:00 USD 🇺🇸 [ !!] Fed Beige Book

Detailed economic calendar