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/
#WaveAnalysis
#AUDUSD is expected to fall further and retest the next pivotal support level 0.6800
https://fxpro.news/market-snapshots/audusd-wave-analysis-18-september-2019-20190918/
#AUDUSD is expected to fall further and retest the next pivotal support level 0.6800
https://fxpro.news/market-snapshots/audusd-wave-analysis-18-september-2019-20190918/
It’s decision day at the Fed. Where will the FOMC move EURUSD later today?
Anonymous Poll
53%
Up
47%
Down
Important Upcoming Events (GMT):
07:30 CHF🇨🇭[!!!] SNB Policy Rate
08:30 GBP 🇬🇧 [!!!] U.K. Retail Sales
11:00 GBP 🇬🇧 [!!!]Bank of England Interest Rate Decision
14:00 USD 🇺🇸 [ !!] U.S. Existing Home Sales
Detailed economic calendar
07:30 CHF🇨🇭[!!!] SNB Policy Rate
08:30 GBP 🇬🇧 [!!!] U.K. Retail Sales
11:00 GBP 🇬🇧 [!!!]Bank of England Interest Rate Decision
14:00 USD 🇺🇸 [ !!] U.S. Existing Home Sales
Detailed economic calendar
FX: The dollar index returned more than half of the gain of 0.4% after the Fed's comments to 98.0. EURUSD remains at 1.1050; AUD and CNH continue to weaken; JPY is adding to the dollar. Currency market volatility remained below average monthly levels.
Stocks: S&P500 Futures remain close to 3000. Chinese indices returned their initial gain at the opening of the day; Nikkei225 weakened in response to the BoJ saved its policy. The VIX volatility index fell from 14.6 to 13.9.
Commodities: Brent fell to $63.0, calming down after the weekly start Gold declined to $1495.
Crypto: Bitcoin fell by 3.3% overnight to $9900. Top-10 altcoins lose from 2 to 6% in the last 24 hours.
Stocks: S&P500 Futures remain close to 3000. Chinese indices returned their initial gain at the opening of the day; Nikkei225 weakened in response to the BoJ saved its policy. The VIX volatility index fell from 14.6 to 13.9.
Commodities: Brent fell to $63.0, calming down after the weekly start Gold declined to $1495.
Crypto: Bitcoin fell by 3.3% overnight to $9900. Top-10 altcoins lose from 2 to 6% in the last 24 hours.
#BitComment
Bitcoin loses more than 3% over the last 24 hours and trades at $9,800. The decrease occurs at the increased trade volumes. Cryptocurrencies continue to surprise market participants. At the start, the Bitcoin dominance index fell, then the Bitcoin fell itself, and now almost the entire market of cryptocurrencies is in the red zone.
https://fxpro.news/analysis-and-insight/bit-comment-cryptocurrencies-continue-to-surprise-20190919/
Bitcoin loses more than 3% over the last 24 hours and trades at $9,800. The decrease occurs at the increased trade volumes. Cryptocurrencies continue to surprise market participants. At the start, the Bitcoin dominance index fell, then the Bitcoin fell itself, and now almost the entire market of cryptocurrencies is in the red zone.
https://fxpro.news/analysis-and-insight/bit-comment-cryptocurrencies-continue-to-surprise-20190919/
Fed assures that economy “is okay”. Is it worth believing?
The Fed cut rate by a 25 bp to 1.75%-2.00%. Powell’s speech proved to be very convincing. The Fed may well start a new trend among the world’s CB's – a pattern of confidence that the economy will handle the difficulties.
The tone of the Fed and the Bank of Japan caused moderate pressure on the equity market, as well as supported the growth of bond yields, this pressure can be very moderate and short-lived.
https://fxpro.news/daily-forex-outlook/fed-assures-that-economy-is-okay-is-it-worth-believing-20190919/
The Fed cut rate by a 25 bp to 1.75%-2.00%. Powell’s speech proved to be very convincing. The Fed may well start a new trend among the world’s CB's – a pattern of confidence that the economy will handle the difficulties.
The tone of the Fed and the Bank of Japan caused moderate pressure on the equity market, as well as supported the growth of bond yields, this pressure can be very moderate and short-lived.
https://fxpro.news/daily-forex-outlook/fed-assures-that-economy-is-okay-is-it-worth-believing-20190919/