FX: The dollar index lost 0.5% to 98.10, mainly due to a weakening against the EUR. EURUSD jumped to 1.1100 after a short-term decline to 1.0930 yesterday. European GBP, CHF, EUR are the leaders in growth. TRY is corrected after the jump the day before, commodity CAD, NOK are losing ground. The volatility of the foreign exchange market jumped sharply yesterday after the decision of the ECB.
Stocks: S&P500 Futures are up 0.3% since the start of the day after rising 0.2% on Thursday, Japan's Nikkei225 rallies 10th day in a row, peaking since May. The VIX volatility index fell from 14.6 to 14.2.
Commodities: Brent is trading below $ 60, having managed to recover some losses after the drop to 58.40. Gold is at $ 1,500, despite a rebound from 1524 on Thursday.
Crypto: Bitcoin is trading near $ 10,300. The top 10 altcoins price changed from -3% to 2% in the last 24 hours.
Stocks: S&P500 Futures are up 0.3% since the start of the day after rising 0.2% on Thursday, Japan's Nikkei225 rallies 10th day in a row, peaking since May. The VIX volatility index fell from 14.6 to 14.2.
Commodities: Brent is trading below $ 60, having managed to recover some losses after the drop to 58.40. Gold is at $ 1,500, despite a rebound from 1524 on Thursday.
Crypto: Bitcoin is trading near $ 10,300. The top 10 altcoins price changed from -3% to 2% in the last 24 hours.
Important Upcoming Events (GMT):
09:00 EUR 🇪🇺 [!!] Euro area Trade Balance
12:30 USD 🇺🇸 [!!!] U.S. Retail Sales
14:00 USD 🇺🇸 [!!] U.S. UoM Consumer Sentiment
Detailed economic calendar
09:00 EUR 🇪🇺 [!!] Euro area Trade Balance
12:30 USD 🇺🇸 [!!!] U.S. Retail Sales
14:00 USD 🇺🇸 [!!] U.S. UoM Consumer Sentiment
Detailed economic calendar
Largest central banks returned the demand for yield to markets
The big central banks’ troika is once again intensifying monetary easing, pushing the markets towards growth, despite deteriorating macroeconomic statistics. The single currency was under increased pressure for a short time yesterday, declining to 1.0926 at one point, before recovering and trading near 1.1100 on Friday morning.
Such sharp fluctuations of EURUSD are explained by the unexpected launch of QE from the ECB to the amount of 20 billion euro per month without the final date.
Initially, it was perceived as a more determined mood for policy easing, pulling down the single currency. However, the open date will allow the ECB to end purchases in a short period. Besides, the size of the program can be considered relatively small compared to 60 billion per month, which was before 2018.
https://fxpro.news/market-snapshots/largest-central-banks-returned-the-demand-for-yield-to-markets-20190913/
The big central banks’ troika is once again intensifying monetary easing, pushing the markets towards growth, despite deteriorating macroeconomic statistics. The single currency was under increased pressure for a short time yesterday, declining to 1.0926 at one point, before recovering and trading near 1.1100 on Friday morning.
Such sharp fluctuations of EURUSD are explained by the unexpected launch of QE from the ECB to the amount of 20 billion euro per month without the final date.
Initially, it was perceived as a more determined mood for policy easing, pulling down the single currency. However, the open date will allow the ECB to end purchases in a short period. Besides, the size of the program can be considered relatively small compared to 60 billion per month, which was before 2018.
https://fxpro.news/market-snapshots/largest-central-banks-returned-the-demand-for-yield-to-markets-20190913/
Crypto market: unity or death
Crypto market remains in a sideways trend: Bitcoin traded around $10K on Friday morning, altcoins are still near the lows, BTC dominance index grew above 70%.
The altcoins historical lows make us think about the prospects of survival of the alternative cryptocurrencies separately.
https://fxpro.news/market-snapshots/crypto-market-unity-or-death-20190913/
Crypto market remains in a sideways trend: Bitcoin traded around $10K on Friday morning, altcoins are still near the lows, BTC dominance index grew above 70%.
The altcoins historical lows make us think about the prospects of survival of the alternative cryptocurrencies separately.
https://fxpro.news/market-snapshots/crypto-market-unity-or-death-20190913/
#WaveAnalysis
#GBPNZD is expected to rise further and retest the next resistance level 1.9700
https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-13-september-2019-20190913/
#GBPNZD is expected to rise further and retest the next resistance level 1.9700
https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-13-september-2019-20190913/
#WaveAnalysis
#Cotton is expected to rise further and retest the next resistance level 64.23
https://fxpro.news/market-snapshots/cotton-wave-analysis-13-september-2019-20190913/
#Cotton is expected to rise further and retest the next resistance level 64.23
https://fxpro.news/market-snapshots/cotton-wave-analysis-13-september-2019-20190913/
FX: The dollar index lost 0.2% to 98.0 at the start of the week's trading, but has already returned positions. EURUSD is trading near Friday's close at 1.1065. Crude oil-related CAD, NOK, RUB lost more than half of the initial increase at the opening of trading. The pound (GBP) is fell after the jump on Friday, as no-deal Brexit chances increased again. The volatility of the foreign exchange market is within average monthly levels.
Stocks: S&P500 futures lost 0.5% after the jump in oil and weak manufacturing data from China. Asian indices are down. The VIX volatility index has grown from 14.2 to 15.0.
Commodities: Brent is trading near $ 65 (+ 9.3%), gave back about half of the 20% jump after an attack on a field in Saudi Arabia. Gold is now at $1502 after falling to $1488 on Friday.
Crypto: Bitcoin stays near $ 10,300. Top 10 altcoins vary from -1% to + 3% in the last 24 hours.
Stocks: S&P500 futures lost 0.5% after the jump in oil and weak manufacturing data from China. Asian indices are down. The VIX volatility index has grown from 14.2 to 15.0.
Commodities: Brent is trading near $ 65 (+ 9.3%), gave back about half of the 20% jump after an attack on a field in Saudi Arabia. Gold is now at $1502 after falling to $1488 on Friday.
Crypto: Bitcoin stays near $ 10,300. Top 10 altcoins vary from -1% to + 3% in the last 24 hours.
Brent opened the week with a price spike of more than 20% on reports of an attack on a significant oilfield in Saudi Arabia.
It is unlikely that such growth will be sustainable as U.S. and Saudi Arabia itself have enough reserves.
It may seem strange, but Saudi Arabia may benefit from this incident.
https://fxpro.news/market-snapshots/the-attack-in-saudi-arabia-suitable-for-oil-bad-for-global-growth-20190916/
It is unlikely that such growth will be sustainable as U.S. and Saudi Arabia itself have enough reserves.
It may seem strange, but Saudi Arabia may benefit from this incident.
https://fxpro.news/market-snapshots/the-attack-in-saudi-arabia-suitable-for-oil-bad-for-global-growth-20190916/
#BitComment: Bitcoin’s price range tightens
During the last day and throughout the weekend Bitcoin was in a limited price range, trading around $10,400. The trading volume has declined by about 20% since Friday.
https://fxpro.news/market-snapshots/bit-comment-bitcoins-price-range-tightens-20190916/
During the last day and throughout the weekend Bitcoin was in a limited price range, trading around $10,400. The trading volume has declined by about 20% since Friday.
https://fxpro.news/market-snapshots/bit-comment-bitcoins-price-range-tightens-20190916/
#WaveAnalysis
#Silver is likely to extend the gains and retest the next resistance level 18.40
https://fxpro.news/market-snapshots/silver-wave-analysis-16-september-2019-20190916/
#Silver is likely to extend the gains and retest the next resistance level 18.40
https://fxpro.news/market-snapshots/silver-wave-analysis-16-september-2019-20190916/
#WaveAnalysis
#EURUSD is expected to fall further and retest the next round support level 1.1000.
https://fxpro.news/market-snapshots/eurusd-wave-analysis-16-september-2019-20190916/
#EURUSD is expected to fall further and retest the next round support level 1.1000.
https://fxpro.news/market-snapshots/eurusd-wave-analysis-16-september-2019-20190916/
FX: On Monday the dollar index added 0.5% to 98.20. EURUSD dropped to 1.1000. EUR, CHF slightly increase this morning while most major currencies are losing ground to USD. The volatility of the foreign exchange market is within average monthly levels.
Stocks: S&P500 Futures returned to the opening levels of the week, gave up gains on Monday. This morning Chinese indices are losing more than 1% due to weak data and rising oil prices. The VIX volatility index has grown from the beginning of the day from 13.8 to 14.7.
Commodities: Brent is trading near $67 (+ 13% this week), supported by fierce criticism of Iran from the United States and Saudi Arabia. Gold is now $1495 times over and over unsuccessfully trying to break above $1500.
Crypto: Bitcoin is trading at $10,200. Top 10 altcoins vary from -2% to + 2% over the last 24 hours.
Stocks: S&P500 Futures returned to the opening levels of the week, gave up gains on Monday. This morning Chinese indices are losing more than 1% due to weak data and rising oil prices. The VIX volatility index has grown from the beginning of the day from 13.8 to 14.7.
Commodities: Brent is trading near $67 (+ 13% this week), supported by fierce criticism of Iran from the United States and Saudi Arabia. Gold is now $1495 times over and over unsuccessfully trying to break above $1500.
Crypto: Bitcoin is trading at $10,200. Top 10 altcoins vary from -2% to + 2% over the last 24 hours.
Important Upcoming Events (GMT):
09:00 EUR 🇩🇪 [!!] German ZEW Economic Sentiment
13:15 USD 🇺🇸 [!!] U.S. Industrial Production
Detailed economic calendar
09:00 EUR 🇩🇪 [!!] German ZEW Economic Sentiment
13:15 USD 🇺🇸 [!!] U.S. Industrial Production
Detailed economic calendar
Dollar rose on the higher Oil, but the downward trend remains
The dollar added 0.5% to the basket of major currencies on Monday, but September's downward trend with 1.7% potential to decline may remain, if the Fed does not surprise the markets with excessive rigidity tomorrow.
https://fxpro.news/market-snapshots/dollar-rose-on-the-higher-oil-but-the-downward-trend-remains-20190917/
The dollar added 0.5% to the basket of major currencies on Monday, but September's downward trend with 1.7% potential to decline may remain, if the Fed does not surprise the markets with excessive rigidity tomorrow.
https://fxpro.news/market-snapshots/dollar-rose-on-the-higher-oil-but-the-downward-trend-remains-20190917/
Bit-comment: BTC calmed while ETH gain its momentum
The Bitcoin price has remained virtually unchanged over the past 24 hours, remaining close to $10,200. Meanwhile, Ethereum is characterized by positive dynamics, adding 2.5% per day and around 20% to the lows of 10 days ago.
https://fxpro.news/market-snapshots/bit-comment-btc-calmed-while-eth-gain-its-momentum-20190917/
The Bitcoin price has remained virtually unchanged over the past 24 hours, remaining close to $10,200. Meanwhile, Ethereum is characterized by positive dynamics, adding 2.5% per day and around 20% to the lows of 10 days ago.
https://fxpro.news/market-snapshots/bit-comment-btc-calmed-while-eth-gain-its-momentum-20190917/
Altcoin’s strike back?
The dominance index of the benchmark cryptocurrency declined to 69.1%, as Ethereum suddenly revived.
On the one hand, the market participants began to feel tired from the side trend of Bitcoin. On the other hand, the altcoin market lows and “funeral speeches” of many media indicate the opposite situation, where investors are forced to get rid of their assets with huge losses. As often happens in markets, the growth begins just right after that.
https://fxpro.news/analysis-and-insight/altcoins-strike-back-20190917/
The dominance index of the benchmark cryptocurrency declined to 69.1%, as Ethereum suddenly revived.
On the one hand, the market participants began to feel tired from the side trend of Bitcoin. On the other hand, the altcoin market lows and “funeral speeches” of many media indicate the opposite situation, where investors are forced to get rid of their assets with huge losses. As often happens in markets, the growth begins just right after that.
https://fxpro.news/analysis-and-insight/altcoins-strike-back-20190917/
#WaveAnalysis
#NZDUSD is expected to fall further and retest the next strong support level 0.6270
https://fxpro.news/market-snapshots/nzdusd-wave-analysis-17-september-2019-20190917/
#NZDUSD is expected to fall further and retest the next strong support level 0.6270
https://fxpro.news/market-snapshots/nzdusd-wave-analysis-17-september-2019-20190917/
Important Upcoming Events (GMT):
08:30 GBP 🇬🇧 [!!!] U.K. Consumer Price Index
12:30 CAD 🇨🇦 [!!!] Canada Consumer Price Index
18:00 USD 🇺🇸 [!!!] FOMC Rate Decision
18:30 USD 🇺🇸 [!!!] FOMC Press Conference
Detailed economic calendar
08:30 GBP 🇬🇧 [!!!] U.K. Consumer Price Index
12:30 CAD 🇨🇦 [!!!] Canada Consumer Price Index
18:00 USD 🇺🇸 [!!!] FOMC Rate Decision
18:30 USD 🇺🇸 [!!!] FOMC Press Conference
Detailed economic calendar
FX: The dollar index added 0.2% on Wednesday morning to 98.0 after 0.4% decline the day before. EURUSD has returned to 1.1500. Yielding currencies (ZAR, TRY, RUB) strengthen against the dollar, while AUD, NZD, CHF declined. The volatility of the foreign exchange market decreased in anticipation of decisions on the rates of the Fed, the Bank of Japan.
Stocks: Futures for S&P500 are trading near the 3000 level, near closing levels on Friday. Chinese indices added 0.7%, partially recovering after two days of decline. The VIX volatility index is almost unchanged from 14.7 to 14.6.
Commodities: Brent fell to $ 63.5 (-5% overnight, but + 6.8% for the week) on reports of a quick recovery in production in Saudi Arabia. Gold continues its treading around $ 1,500.
Crypto: Bitcoin is trading at $ 10,100, having changed little again in a day. The top 10 altcoins, by contrast, have added between 1.5% and 16% in the last 24 hours.
Stocks: Futures for S&P500 are trading near the 3000 level, near closing levels on Friday. Chinese indices added 0.7%, partially recovering after two days of decline. The VIX volatility index is almost unchanged from 14.7 to 14.6.
Commodities: Brent fell to $ 63.5 (-5% overnight, but + 6.8% for the week) on reports of a quick recovery in production in Saudi Arabia. Gold continues its treading around $ 1,500.
Crypto: Bitcoin is trading at $ 10,100, having changed little again in a day. The top 10 altcoins, by contrast, have added between 1.5% and 16% in the last 24 hours.
FOMC Preview: Another world crisis? Why interest rates cut won’t save U.S.
The events of the beginning of this week — surges in oil prices and interest rates in the repo market — increase the chances that the Fed will try to look dovish, trying to ease the tension in the money markets. In turn, this may be good news for stock markets and bad news for the dollar.
https://fxpro.news/daily-forex-outlook/another-world-crisis-why-interest-rates-cut-wont-save-u-s-20190918/
The events of the beginning of this week — surges in oil prices and interest rates in the repo market — increase the chances that the Fed will try to look dovish, trying to ease the tension in the money markets. In turn, this may be good news for stock markets and bad news for the dollar.
https://fxpro.news/daily-forex-outlook/another-world-crisis-why-interest-rates-cut-wont-save-u-s-20190918/
#BitComment: Bitcoin eased its dominance
Bitcoin remains outside the market, trading at $10,250. All dynamics are now in altcoins, which is seen in the sharp decline in the Bitcoin dominance index to 67.8%. Almost all the altcoins from the TOP-100 are in the green zone. The long-awaited growth is especially strong for XRP, which spiked by nearly 16% in the last day.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-eased-its-dominance-20190918/
Bitcoin remains outside the market, trading at $10,250. All dynamics are now in altcoins, which is seen in the sharp decline in the Bitcoin dominance index to 67.8%. Almost all the altcoins from the TOP-100 are in the green zone. The long-awaited growth is especially strong for XRP, which spiked by nearly 16% in the last day.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-eased-its-dominance-20190918/