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

New Chinese stimulus promises and calmness in Europe

Positive background since the beginning of the month returned the demand for stocks to the markets and reduced the demand for protective assets.

The currency market, as an indicator of investor sentiment, demonstrates the belief in the success of China’s stimulus measures – seen in the growth of AUDUSD by 2.8% and USDJPYgain 2% in just over a week.

At the same time, the EURUSD froze at levels just above 1.1000 in anticipation of new signals from the ECB. It is an illustration that most players still view the current situation as an opportunity to choose the signals of a further trend.

https://fxpro.news/daily-forex-outlook/new-chinese-stimulus-promises-and-calmness-in-europe-20190911/

Bit-comment: Bitcoin gain support near $10K after week-long decline

Bitcoin has lost almost 2.5% during the last 24 hours, and at the moment it trades around $10K. A breakthrough of the psychologically important level can increase the pressure of sellers.

https://fxpro.news/daily-forex-outlook/bit-comment-bitcoin-gain-support-near-10k-after-week-long-decline-20190911/

#WaveAnalysis
#EURAUD is expected to fall further and retest the next support levels 1.6000

https://fxpro.news/market-snapshots/euraud-wave-analysis-11-september-2019-20190911/

#WaveAnalysis
#Palladium is expected to rise further and retest the next resistance level 1600

https://fxpro.news/market-snapshots/palladium-wave-analysis-11-september-2019-20190911/

FX: The dollar index added 0.3% to 98.60, despite Trump's comments to lower the rate. EURUSD returned to 1.1000 after falling from 1.1050 to 1.0980 yesterday. AUD and NZD are the leaders in growth, developing a rebound, while JPY remains under pressure, reflecting an increase in demand for risky assets. Foreign exchange market volatility is declining.

Stocks: S&P 500 futures are up 0.2% since the start of the day after the 0.7% growth on Wednesday. Japanese Nikkei225 rallies 9th day in a row, added 6.6% this month. The VIX volatility index fell from 15.3 to 14.6.

Commodities: Brent fell to $ 60.4, developing a pullback from monthly highs above $ 63.2. Gold has returned to an area above $ 1,500.

Crypto: Bitcoin is trading near $ 10K. Top 10 altcoins vary from -7% to 2% in the last 24 hours.

Important Upcoming Events (GMT):
11:45 EUR 🇪🇺 [!!!] ECB Interest Rate Decision
12:30 EUR 🇪🇺 [!!!] ECB Press Conference
12:30 USD 🇺🇸 [!!!] U.S. Consumer Price Index

Detailed economic calendar

The dollar ignored Trump’s call for zero-rates

The U.S. President has called on the Fed to reduce the key rate to zero or even lower so that the government could refinance its debt. In his latest attack on the Fed, Trump used his favourite method – raising the requirements above all rational levels to retreat and still win.

However, the Fed may well ignore this call, which does not correspond with the dual mandate of the central bank.

Dollar markets mainly ignore it, focused on the ECB decision.

https://fxpro.news/daily-forex-outlook/the-dollar-ignored-trumps-call-for-zero-rates-20190912/