#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

The fiasco of Trump’s trade blitzkrieg
Donald Trump will have to lead the financial markets along the narrow path between the two abysses, balancing between promises of progress in trade negotiations, domestic economic incentives and the Fed’s pressure to cut rates. If successful, markets may avoid a sell-off and the US dollar may decline.

A step to the left and progress in trade negotiations will quickly force the Fed to abandon an excessively soft approach to monetary policy.

A step to the right and the markets could easily go into an upward spiral, choosing dollar assets as a safe haven, despite the deterioration of the U.S. macroecomy.

https://fxpro.news/daily-forex-outlook/the-fiasco-of-trumps-trade-blitzkrieg-20190904/

#Bitcoin rebound reached $10,700 and then showed a slight rollback. As a result, Bitcoin has been growing by 2% in the last 24 hours and traded on Wednesday morning for $10,600. Thus, the BTC still remains in the side trend, and we will declare the exit from this trend only after breakthrough above $12K.

https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-rebound-reached-10700-20190904/

#WaveAnalysis
#NaturalGas is expected to rise further and retest the next resistance level 2.480

https://fxpro.news/market-snapshots/natural-gas-wave-analysis-04-september-2019-20190904/

#WaveAnalysis
#AUDJPY is expected to rise further and retest the next resistance level 72.90

https://fxpro.news/market-snapshots/audjpy-wave-analysis-04-september-2019-20190904/

https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-remains-on-top-20190906/

Bitcoin remains on top of the previously achieved $10,700.

Nonfarm Payrolls, Trump’s Tweets and Johnson’s “Dead End”
New hopes for easing the trade war are having a very positive effect on all markets at once. The Chinese side is going to fly to Washington in early October. However, up to this point, a whole series of Trump tweets can be published, and they can easily go against the positive expectations from the meeting...
...The US Nonfarm Payrolls and the Unemployment rate will be announced on September 6 at 12:30 GMT. As always, these releases are expected to cause significant market volatility...
...On Friday, the pound fluctuates around the maximum for 6 weeks, at $1.2353. Investors’ sentiment has improved, and the degree of unrest around Britain’s likely exit from the EU without a trade deal has clearly declined...

https://fxpro.news/daily-forex-outlook/nonfarm-payrolls-trumps-tweets-and-johnsons-dead-end-20190906/

Bitcoin reached a local high of $10,900 on Friday.

https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-reached-a-local-high-of-10900-20190909/

Fall to rise? How weak NFP has affected the market

https://fxpro.news/daily-forex-outlook/fall-to-rise-how-weak-nfp-has-affected-the-market-20190909/

Bit-comment: BTC divided market to 2 camps

https://fxpro.news/analysis-and-insight/bit-comment-btc-divided-market-to-2-camps-20190910/

Hot crypto-autumn: in the search for a bear-maximalist

https://fxpro.news/analysis-and-insight/hot-crypto-autumn-in-the-search-for-a-bear-maximalist-20190910/

FX: The dollar index remains in a narrow range of around 98.30 for the fifth trading session in a row. EURUSD treads around 1.1030. AUD and CNH added while JPY is declined, reflecting an increase in demand for risky assets. Overall forex market volatility declining.

Stocks: S&P 500 Futures are up 0.2% before the European trading starts. Japanese Nikkei225 grew 0.6% on Wednesday, bringing growth from the beginning of the month to 5.6%. The VIX volatility index grew from 15.2 to 15.3.

Commodities: Brent recovered to $62.3 after a 2% drop to $61.7. Gold suspended the decline, stabilizing after falling below $1,490.

Crypto: Bitcoin has been trading near $10K, declined over the past week. Top-10 altcoins lose from 0.5% to 4.5% in the last 24 hours.

Important Upcoming Events (GMT):

12:30 USD 🇺🇸 [!!] U.S. Producer Price Index
14:30 USD 🇺🇸 [!!] U.S. Crude Oil Inventories

Detailed economic calendar