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
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.
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/
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/
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/
#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
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.
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/
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/
#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
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.
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.
U.S. REPO crisis pushes Dollar up
The words “liquidity crisis” sound frightening, bringing back memories of the 11-year-old global financial crisis. However, the U.S. financial market is now experiencing something similar to a new liquidity crisis, underscoring the fragility of the financial system.
The increased demand for dollar liquidity supports the purchase of U.S. currency. EURUSD has slipped to 1.0900, the 2 1/2 lows.
It is also worth paying attention to the relative indifference of stock indices to positive trade news.
https://fxpro.news/daily-forex-outlook/u-s-repo-crisis-pushes-dollar-up-20190927/
The words “liquidity crisis” sound frightening, bringing back memories of the 11-year-old global financial crisis. However, the U.S. financial market is now experiencing something similar to a new liquidity crisis, underscoring the fragility of the financial system.
The increased demand for dollar liquidity supports the purchase of U.S. currency. EURUSD has slipped to 1.0900, the 2 1/2 lows.
It is also worth paying attention to the relative indifference of stock indices to positive trade news.
https://fxpro.news/daily-forex-outlook/u-s-repo-crisis-pushes-dollar-up-20190927/
Bitcoin’s way to the lows or Frustration in crypto
On Thursday evening, Bitcoin declined to $7,700, temporarily attracting buyers at these levels and returning to $8,000. However, the rebound failed to develop.
As for the technical analysis, the break-down of the support by $9,300 turned out to be a natural closing of long positions, which sent Bitcoin in search of the bottom. The next stop may now be in the $7,000 area, through which the 200-day moving average is currently passing.
https://fxpro.news/analysis-and-insight/bitcoins-way-to-the-lows-or-frustration-in-crypto-20190927/
On Thursday evening, Bitcoin declined to $7,700, temporarily attracting buyers at these levels and returning to $8,000. However, the rebound failed to develop.
As for the technical analysis, the break-down of the support by $9,300 turned out to be a natural closing of long positions, which sent Bitcoin in search of the bottom. The next stop may now be in the $7,000 area, through which the 200-day moving average is currently passing.
https://fxpro.news/analysis-and-insight/bitcoins-way-to-the-lows-or-frustration-in-crypto-20190927/
#WaveAnalysis
#GBPCAD is expected to fall further and retest the next support level 1.6200
https://fxpro.news/market-snapshots/gbpcad-wave-analysis-27-september-2019-20190927/
#GBPCAD is expected to fall further and retest the next support level 1.6200
https://fxpro.news/market-snapshots/gbpcad-wave-analysis-27-september-2019-20190927/
Important Upcoming Events (GMT):
07:55 🇩🇪 [!!] German Unemployment Change
08:30 🇬🇧 [!!] U.K. Current Account
12:00 🇩🇪 [!!] German CPI
04:30 🇦🇺 [!!!] RBA Interest Rate Decision
Detailed economic calendar
07:55 🇩🇪 [!!] German Unemployment Change
08:30 🇬🇧 [!!] U.K. Current Account
12:00 🇩🇪 [!!] German CPI
04:30 🇦🇺 [!!!] RBA Interest Rate Decision
Detailed economic calendar
FX: The dollar index remains near two-year highs at 98.75 at the beginning of the week. EURUSD recoupled to 1.0940 after touching levels below 1.0900 on Friday morning. GBPUSD fell below 1.2300 on Johnson's note not to resign, even in the event of a Brexit date shift.
Stocks: S&P500 futures continue to decline, dropping to 2970 at the start of trading. MSCI world loses 0.1% in the morning; major Asian indices are down within 0.2%. The VIX volatility index rose from 15.9 to 17.2.
Commodities: Brent is trading at $ 60.7, developing its decline. Gold sank to the September's low near $1,490.
Crypto: Bitcoin loses 4% per day, trading at $ 7,750. Top 10 altcoins are down from 0.8% to 5.0% over the past 24 hours.
Stocks: S&P500 futures continue to decline, dropping to 2970 at the start of trading. MSCI world loses 0.1% in the morning; major Asian indices are down within 0.2%. The VIX volatility index rose from 15.9 to 17.2.
Commodities: Brent is trading at $ 60.7, developing its decline. Gold sank to the September's low near $1,490.
Crypto: Bitcoin loses 4% per day, trading at $ 7,750. Top 10 altcoins are down from 0.8% to 5.0% over the past 24 hours.
Returned to its downward channel, Brent possibly heading to $50 by 2020
Brent has returned to a downward trend, that prevailed during the last five months. And the spike in the middle of September turned out to be impressive but not a long episode in the overall downward trend.
These are all signs of problems for oil in the coming months. It is worth recalling that the most aggressive drop in black gold prices in the last five years was launched in the final quarter of the year. This was in 2014, 2015, as well as in 2018.
It is also worth paying attention to the trend of ever-lower peaks. In 2008, oil started to turn from $140. In 2012 it was dumped from levels above $120. In 2014 it unsustained above $100. In 2018, these were levels at $80 per barrel of Brent.
Several technical factors increase negative expectations.
https://fxpro.news/daily-forex-outlook/returned-to-its-downward-channel-brent-possibly-heading-to-50-by-2020-20190930/
Brent has returned to a downward trend, that prevailed during the last five months. And the spike in the middle of September turned out to be impressive but not a long episode in the overall downward trend.
These are all signs of problems for oil in the coming months. It is worth recalling that the most aggressive drop in black gold prices in the last five years was launched in the final quarter of the year. This was in 2014, 2015, as well as in 2018.
It is also worth paying attention to the trend of ever-lower peaks. In 2008, oil started to turn from $140. In 2012 it was dumped from levels above $120. In 2014 it unsustained above $100. In 2018, these were levels at $80 per barrel of Brent.
Several technical factors increase negative expectations.
https://fxpro.news/daily-forex-outlook/returned-to-its-downward-channel-brent-possibly-heading-to-50-by-2020-20190930/
#BitComment
Last week Crypto market capitalization declined by $54 bln., and it seems that it is not the bottom. Shy attempts to rebound, which allowed us to talk about reaching the bottom, have not yet been successful.
https://fxpro.news/analysis-and-insight/bit-comment-cryptocap-sank-by-54-bln-but-still-no-bottom-in-sight-20190930/
Last week Crypto market capitalization declined by $54 bln., and it seems that it is not the bottom. Shy attempts to rebound, which allowed us to talk about reaching the bottom, have not yet been successful.
https://fxpro.news/analysis-and-insight/bit-comment-cryptocap-sank-by-54-bln-but-still-no-bottom-in-sight-20190930/
#WaveAnalysis
#EURUSD is expected to fall further and retest the next support level 1.0850
https://fxpro.news/market-snapshots/eurusd-wave-analysis-30-september-2019-20190930/
#EURUSD is expected to fall further and retest the next support level 1.0850
https://fxpro.news/market-snapshots/eurusd-wave-analysis-30-september-2019-20190930/
Important Upcoming Events (GMT):
08:00 EUR 🇪🇺 [!!] Euro area Manufacturing PMI
09:00 EUR 🇪🇺 [!!] Euro area CPI
12:30 CAD 🇨🇦 [!!!] Canada GDP
14:00 USD 🇺🇸 [!!!] ISM Manufacturing PMI
Detailed economic calendar
08:00 EUR 🇪🇺 [!!] Euro area Manufacturing PMI
09:00 EUR 🇪🇺 [!!] Euro area CPI
12:30 CAD 🇨🇦 [!!!] Canada GDP
14:00 USD 🇺🇸 [!!!] ISM Manufacturing PMI
Detailed economic calendar
FX: The dollar index climbed another 0.4% to 99.2. EURUSD lost 0.5% to 1.0880 before European open. GBPUSD virtually not changed overnight, remaining at 1.2270 in anticipation of the presentation of the Brexit plan before UK Parliament.
Stocks: S&P500 futures turned to rise on Monday to 2990. MSCI World has returned to levels since the beginning of the day after rising 0.1%; major Asian indices are adding within 0.2%. The VIX volatility index fell from 17.2 to 16.1.
Commodities: Brent fell to $59.20 and remains below $ 60.0, having completely recovered the jump on explosions in the SA. Gold develops a sharp weakening, dropped by another 1.8% to $ 1460.
Crypto: Bitcoin is growing at 7% per day, trading at $ 8400. Top-10 altcoins add from 5% to 8% in the last 24 hours.
Stocks: S&P500 futures turned to rise on Monday to 2990. MSCI World has returned to levels since the beginning of the day after rising 0.1%; major Asian indices are adding within 0.2%. The VIX volatility index fell from 17.2 to 16.1.
Commodities: Brent fell to $59.20 and remains below $ 60.0, having completely recovered the jump on explosions in the SA. Gold develops a sharp weakening, dropped by another 1.8% to $ 1460.
Crypto: Bitcoin is growing at 7% per day, trading at $ 8400. Top-10 altcoins add from 5% to 8% in the last 24 hours.