FX: The dollar index rose to 98.4 on Monday due to the strengthening against the euro. EURUSD fell back below 1.1000 on the weak eurozone PMIs; safe-heavens, JPY and CHF, are up for the third trading session; commodity-linked NOK, ZAR and CAD lost more than 0.4% to USD this morning. NZDUSD is trying to catch on 0.6250. The volatility of the foreign exchange market increased at the beginning of the week.

Stocks: S&P500 Futures lost 0.9% to 2983 since Friday morning. MSCI world fell to 0.25% since the beginning of the day. Nikkei225 reversed sharply to decline, down 0.9% this week. The VIX volatility index grew from 13.9 to 15.3.

Commodities: Brent rose to $ 64.0 following the Middle East rising tensions. Gold is in higher demand on such news, reaching $1,520.

Crypto: Bitcoin dropped to $9900. Top 10 altcoins vary from -3% to + 2% in the last 24 hours.

Geopolitics is a fragile foundation for oil growth

Oil starts the week with Brent 1% jump to $63.95 due to the Middle East increased tensions. The current impulse may well take it to this year’s highs of $72-$74. However, geopolitical concerns can hardly be considered a reliable investment idea.

https://fxpro.news/daily-forex-outlook/geopolitics-is-a-fragile-foundation-for-oil-growth-20190923/

#BitСomment
It’s getting harder for Bitcoin to hold on to the $10,000

The balance is very fragile, and lousy news background could well knock Bitcoin and altcoins out of their way. Alternative cryptocurrencies are barely showing signs of growth.

Today, on September 23rd, it is planned to launch the delivery futures from Bakkt. This long-awaited and that is why the potentially dangerous event for price dynamics.

https://fxpro.news/analysis-and-insight/bit-comment-its-getting-harder-for-bitcoin-to-hold-on-to-the-10000-20190923/

#WaveAnalysis
#EURNZD is expected to fall further and retest the next support level 1.7310.

https://fxpro.news/market-snapshots/eurnzd-wave-analysis-23-september-2019-20190923/

#WaveAnalysis
#Google is likely to correct down to the next support level 1200.00

https://fxpro.news/market-snapshots/google-wave-analysis-23-september-2019-20190923/

Important Upcoming Events (GMT):

08:00 EUR 🇩🇪 [!!] Germany Ifo Business Climate
09:55 AUD 🇦🇺 [!!] RBA Governor Lowe Speaks
14:00 USD 🇺🇸 [!!!] U.S. CB Consumer Confidence

Detailed economic calendar

FX: The dollar index corrected from 98.4 to 98.3. EURUSD remains below 1.1000, holding levels just below this mark. High yielding TRY, ZAR add more than 0.4% to USD from the beginning of the day. The volatility of the foreign exchange market increased at the beginning of the week.

Stocks: S&P500 Futures again returned to around 3000. MSCI world has virtually unchanged this morning. Nikkei225 won back Monday's losses. The VIX volatility index fell from 15.3 to 14.9.

Commodities: Brent slid to $63.0 on fears of a steady global demand. Gold develops the climb, reaching $1,523.

Crypto: Bitcoin dropped to $ 9,700. Top 10 altcoins lose from 1% to 8% in the last 24 hours.

The world needs weakening Dollar

Markets are in a state of precarious balance between good and bad news. However, over time, there are more and more signs that the current methods do not help. As in the case of antibiotics, excessively frequent use of budget financing and extremely low-interest rates has increased the level of requirements for stimulus.

Possibly, the least extreme scenario our days maybe a gradual but prolonged weakening of the Dollar as a global measure of value. It will make current debt burden estimates less severe, support global inflation and strengthen business activity.

https://fxpro.news/daily-forex-outlook/the-world-now-needs-weakening-dollar-20190924/

On the sly: Bitcoin enters the global finance world

The launch of the delivery futures from Bakkt started on time, initially without causing any hype. Additionally, fully regulated spot trading with BTC/EUR pair was launched in Germany on Börse Stuttgart Digital Exchange (BSDEX) and is available for both institutional and retail investors.

Everything fundamentally points to the inflow of funds into the crypto sector. Step by step, Bitcoin is gaining ground in a conservative financial world.

https://fxpro.news/analysis-and-insight/bitcoin-enters-the-global-finance-world-without-excessive-noise-or-price-increases-20190924/

#WaveAnalysis
#NZDUSD is expected to rise further and retest the next resistance level 0.6350

https://fxpro.news/market-snapshots/nzdusd-wave-analysis-24-september-2019-20190924/

Important Upcoming Events (GMT):

10:00 GBP 🇬🇧 [!!] U.K. CBI Realized Sales
12:00 USD 🇺🇸 [!!] FOMC Member Charles Evans Speaks
14:00 USD 🇺🇸 [!!] U.S. New Home Sales
14:30 USD 🇺🇸 [!!] U.S. Crude Oil Inventories

Detailed economic calendar

FX: The dollar index remains in the range 97.9-98.2. EURUSD stays just below 1.1000. The dollar adds to all major currencies, strengthening from 0.1% to CHF to 0.8% to ZAR. Foreign exchange market volatility rose from a low level.

Stocks: S&P500 futures are losing 0.1% in the morning after a 0.8% drop the day before. Nikkei225 corrects after rally at the beginning of the month. The VIX volatility index jumped from 14.9 to 17.2.

Commodity: Brent continues to decline, dropping to $61.2. Nervousness of the markets helps Gold growth to $1530.

Crypto: Bitcoin fell by 14% to $ 8300. Top 10 altcoins lose from 12% to 25% in the last 24 hours.

Fears of Trump impeachment put pressure on the markets

American markets came under pressure on Tuesday and stay in red on Wednesday morning after the Democrats launched the formal procedure of impeachment of the U.S. President. The reason was the suspicion that Trump sought foreign help to smear a political rival.

Market historians suggest that Wall Street should not be worried, as the initial market downturns were quickly redeemed. Nevertheless, it looks like an unnecessary simplification of the current situation. Let’s try to see why the markets still have reasons to worry.

https://fxpro.news/daily-forex-outlook/fears-of-trump-impeachment-reasonably-put-pressure-on-the-markets-20190925/

Bit-comment: long sideways trend ended with the collapse of the crypto

Bitcoin collapsed by almost 18%, touching the level below $8K. Then the benchmark cryptocurrency was bought back to $8,500. Altcoins are going through a bloodbath at all. Bitcoin Cash, for example, loses more than 22% in a day, Litecoin more than 15%.


https://fxpro.news/analysis-and-insight/bit-comment-long-sideways-trend-ended-with-the-collapse-of-the-crypto-20190925/

#WaveAnalysis
#GBPUSD is expected to fall further and retest the next support level 1.2300

https://fxpro.news/market-snapshots/gbpusd-wave-analysis-25-september-2019-20190925/

Important Upcoming Events (GMT):

08:00 EUR 🇪🇺 [!!] ECB Economic Bulletin
12:30 USD 🇺🇸 [!!] U.S. 2Q19 GDP (final)
13:30 – 20:30 🇪🇺🇬🇧🇺🇸 [!!!] Speeches of the heads of ECB, BoE and 5 FOMC members

Detailed economic calendar

FX: The dollar index jumped to 98.6, adding 0.6% over the last 24h. EURUSD fell to 1.0950, the September's lows. GBPUSD fell to 1.2350, down 1.1%. At the beginning of the day on Thursday, the dollar rolls back from the highs reached on Wednesday. The volatility of the foreign exchange market remains low.

Stocks: S&P500 futures are almost unchanged in the morning after rising 0.4% the day before. The MSCI world and major Asian indices have barely changed on Thursday morning. VIX Volatility Index drops from 17.2 to 16.1.

Commodities: Brent changed slightly during the day, staying near $ 61.2. Gold turned sharply to decline to $ 1,506.

Crypto: Bitcoin remains under pressure at $ 8,300. At the same time, the Top 10 altcoins add from 0% to 9% (Stellar) over the past 24 hours.

Dollar spike as a signal of growing market concerns

Markets were mostly growing on Wednesday and continued to rise slightly on Thursday morning, pushed up by hopes of concluding trade agreements between the U.S. and Japan, as well as the U.S. and China. However, this growth may well be called illusory. Outside of the relatively encouraging real estate data in the U.S., there are many more reasons for concern in the markets.

Overtime, statements about the trade deal progress have a less and less lasting effect on the markets. The strengthening of the dollar and the decline in the yield of U.S. government bonds quite clearly reflect the cautious tone of the markets, albeit not yet resulting in a sale of stocks.

https://fxpro.news/daily-forex-outlook/dollar-spike-as-a-signal-of-growing-market-concerns-20190926/

#WaveAnalysis
#NZDCHF is expected to rise further and retest the next resistance level 0.6310

https://fxpro.news/market-snapshots/nzdchf-wave-analysis-26-september-2019-20190926/

Important Upcoming Events (GMT):

12:30 USD 🇺🇸 [!!!] U.S. Durable Goods Orders
12:30 USD 🇺🇸 [!!] U.S. Personal Income / Outlays
14:00 USD 🇺🇸 [!!] U.S. Consumer Sentiment

Detailed economic calendar

FX: The dollar index develops its climb to the monthly highs to 98.95, adding another 0.3% overnight. EURUSD fell to 1.0900, where it temporarily receives support at the start of trading in Europe. GBPUSD sink this morning to 1.2270 from 1.2500 on Wednesday. Despite this, the volatility of the foreign exchange market remains low.

Stocks: S&P500 futures are losing 0.2% over last 24h, staying at 2980. MSCI World is fell by 0.1% in the morning; major Asian bourses are down within 0.2%. VIX Volatility Index drops from 16.1 to 15.9

Commodities: Brent hold its position near $ 61.2 for the third day in a row. Gold has returned to levels below $ 1,500.

Crypto: Bitcoin loses 4% trading below $ 8,000. Meantime, the top-10 altcoins are decreased from 0.3% to 3.5% over the past 24 hours.