Important Upcoming Events (GMT):
08:30 EUR 🇪🇺 [!!] Euro area Sentix Investor Confidence
17:00 USD 🇺🇸 [!!!] Federal Reserve Chairman Powell Speaks
01:45 CNH 🇨🇳 [!!] China Markit Services PMI
04:10 GBP 🇬🇧 [!!!] BOE Governor Mark Carney Speaks
Detailed economic calendar
08:30 EUR 🇪🇺 [!!] Euro area Sentix Investor Confidence
17:00 USD 🇺🇸 [!!!] Federal Reserve Chairman Powell Speaks
01:45 CNH 🇨🇳 [!!] China Markit Services PMI
04:10 GBP 🇬🇧 [!!!] BOE Governor Mark Carney Speaks
Detailed economic calendar
FX: The dollar is recovering after a slight decline on Friday. NZD is the only major that adds to USD this morning. TRY, PLN, NOK lose to USD.
Stocks: S&P500 futures opened lower in the morning, shedding 0.4% after rising 1.4% on Friday. MSCI World is almost unchanged since the beginning of the day; Hang Seng declined 1.2% since the start of the day. The VIX volatility index fell from 19.6 to 18.0.
Commodities: Brent is trading at $ 58.1, maintaining positive momentum since Thursday. Gold loses 0.4% to $ 1,504.
Crypto: Bitcoin develops a decline to $ 7,850. Top 10 altcoins vary from -1.5% to + 5% in the last 24 hours.
Stocks: S&P500 futures opened lower in the morning, shedding 0.4% after rising 1.4% on Friday. MSCI World is almost unchanged since the beginning of the day; Hang Seng declined 1.2% since the start of the day. The VIX volatility index fell from 19.6 to 18.0.
Commodities: Brent is trading at $ 58.1, maintaining positive momentum since Thursday. Gold loses 0.4% to $ 1,504.
Crypto: Bitcoin develops a decline to $ 7,850. Top 10 altcoins vary from -1.5% to + 5% in the last 24 hours.
US job report supported markets and slightly hurt the dollar
Markets took Friday’s NFP report as some goldilocks evidence that the US economy continues to can get more stimulus as it is far from overheating but still feels well.
Fed’s openness to lower rates may become unpleasant news for the dollar. However, it is unlikely that it will be reasonable to talk about a cardinal break in the overall trend of its growth.
https://fxpro.news/daily-forex-outlook/us-employment-data-supported-markets-and-slightly-hurt-the-dollar-20191007/
Markets took Friday’s NFP report as some goldilocks evidence that the US economy continues to can get more stimulus as it is far from overheating but still feels well.
Fed’s openness to lower rates may become unpleasant news for the dollar. However, it is unlikely that it will be reasonable to talk about a cardinal break in the overall trend of its growth.
https://fxpro.news/daily-forex-outlook/us-employment-data-supported-markets-and-slightly-hurt-the-dollar-20191007/
#Bitcoin is slowly but surely “moves south”. With the asset price decline, the trading volume has grown by almost 15% on the last day. A higher trading volumes amid price decline often considers as bad sign for near-term price dynamics.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-still-dont-get-a-help-20191007/
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-still-dont-get-a-help-20191007/
#WaveAnalysis
#NZDCAD is expected to fall further and retest the next support level 0.8300
https://fxpro.news/market-snapshots/nzdcad-wave-analysis-7-october-2019-20191007/
#NZDCAD is expected to fall further and retest the next support level 0.8300
https://fxpro.news/market-snapshots/nzdcad-wave-analysis-7-october-2019-20191007/
Important Upcoming Events (GMT):
08:30 GBP 🇬🇧 [!!] BoE Member Andy Haldane Speaks
12:15 CAD 🇨🇦 [!!] Canada Housing Starts
12:30 USD 🇺🇸 [!!] US Producer Price Index
18:30 USD 🇺🇸 [!!!] Fed Chairman Powell Speaks
Detailed economic calendar
08:30 GBP 🇬🇧 [!!] BoE Member Andy Haldane Speaks
12:15 CAD 🇨🇦 [!!] Canada Housing Starts
12:30 USD 🇺🇸 [!!] US Producer Price Index
18:30 USD 🇺🇸 [!!!] Fed Chairman Powell Speaks
Detailed economic calendar
FX: The dollar mainly maintains its position at 98.61 on DXY, after rising 0.2% on Monday. NZD and ZAR are the leaders in growth to USD, adding 0.4-0.5% overnight. JPY and GBP slightly lose to USD.
Stocks: S&P500 Futures remain near Monday's close, losing 0.4% week to date. MSCI World turned downward since the start of the European session. The VIX volatility index fell from 18 to 17.9.
Commodities: Brent is trading at $ 58.3, maintaining moderately positive dynamics since Thursday. Gold loses another 0.6% over last 24h to $ 1,493.
Crypto: Bitcoin received support on a downturn at $ 7,800 and is trading at $ 8,200 at the time of writing. Top 10 altcoins add from 3% to + 6% in the last 24 hours.
Stocks: S&P500 Futures remain near Monday's close, losing 0.4% week to date. MSCI World turned downward since the start of the European session. The VIX volatility index fell from 18 to 17.9.
Commodities: Brent is trading at $ 58.3, maintaining moderately positive dynamics since Thursday. Gold loses another 0.6% over last 24h to $ 1,493.
Crypto: Bitcoin received support on a downturn at $ 7,800 and is trading at $ 8,200 at the time of writing. Top 10 altcoins add from 3% to + 6% in the last 24 hours.
Euro stopped at 1.10 waiting for trade talks results
The upcoming events this week are a cause for concern for the markets. The first meeting of Chinese and U.S. representatives at ministerial level in months set to take place on October 10-11.
The alarming lull prevails in the currency markets. EURUSD encountered strong resistance when trying to grow above 1.10. This currency pair correlates quite strongly with the overall demand for risky assets. The pressure on EURUSD increased against the background of trading disputes in 2018.
https://fxpro.news/daily-forex-outlook/euro-stopped-at-1-10-waiting-for-trade-talks-results-20191008/
The upcoming events this week are a cause for concern for the markets. The first meeting of Chinese and U.S. representatives at ministerial level in months set to take place on October 10-11.
The alarming lull prevails in the currency markets. EURUSD encountered strong resistance when trying to grow above 1.10. This currency pair correlates quite strongly with the overall demand for risky assets. The pressure on EURUSD increased against the background of trading disputes in 2018.
https://fxpro.news/daily-forex-outlook/euro-stopped-at-1-10-waiting-for-trade-talks-results-20191008/
Tether shows that the crypto-enthusiasts are still on board
Bitcoin once again overcame the gravity of around $7,900 and attracted buyers. During the last 24 hours, along with the price increase by more than 4%, trading volumes increased by almost 30%. The altcoins duplicate the dynamics of bitcoin, adding 5% – 7%.
Despite the overall growth of the cryptocurrency market, a slight decrease demonstrates stablecoin Tether (USDT).
Crypto investors use Tether as a safe-haven in a bid to survive the falling prices across the market. That polarisation is a good sign for the market.
https://fxpro.news/daily-economic-events/usdt-shows-that-the-crypto-enthusiasts-are-still-on-board-20191008/
Bitcoin once again overcame the gravity of around $7,900 and attracted buyers. During the last 24 hours, along with the price increase by more than 4%, trading volumes increased by almost 30%. The altcoins duplicate the dynamics of bitcoin, adding 5% – 7%.
Despite the overall growth of the cryptocurrency market, a slight decrease demonstrates stablecoin Tether (USDT).
Crypto investors use Tether as a safe-haven in a bid to survive the falling prices across the market. That polarisation is a good sign for the market.
https://fxpro.news/daily-economic-events/usdt-shows-that-the-crypto-enthusiasts-are-still-on-board-20191008/
#WaveAnalysis
#GBPNZD is expected to fall further and retest the next support level 1.9060
https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-8-october-2019-20191008/
#GBPNZD is expected to fall further and retest the next support level 1.9060
https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-8-october-2019-20191008/
Important Upcoming Events (GMT):
(All Day) 🇪🇺 Eurogroup Meetings
14:30 WTI 🛢 [!!] US Crude Oil Inventories
15:00 USD 🇺🇸 [!!!] Federal Chairman Powell Speaks
18:00 USD 🇺🇸 [!!!] FOMC Meeting Minutes
Detailed economic calendar
(All Day) 🇪🇺 Eurogroup Meetings
14:30 WTI 🛢 [!!] US Crude Oil Inventories
15:00 USD 🇺🇸 [!!!] Federal Chairman Powell Speaks
18:00 USD 🇺🇸 [!!!] FOMC Meeting Minutes
Detailed economic calendar
FX: The dollar received a new growth momentum amid weakening markets. DXY strengthened to 98.9. ZAR and NZD added 0.3% to USD and the leaders in growth to USD again. JPY and TRY declined by 0.2%.
Stocks: S&P500 futures fell below the level of 2900, having lost 1.4% on Tuesday. MSCI World decreased by 0.1% since the start of the day. The VIX volatility index grew from 17.9 to 19.7.
Commodities: Brent is trading at $ 57.8, reversing towards a decline following the markets. Gold adds 1.1% to $ 1507.
Crypto: Bitcoin was stuck at $ 8150, striking the 9th trading session around this level. Top-10 altcoins fluctuate within the growth range of 0.2% (Litecoin) - 6% (TRON).
Stocks: S&P500 futures fell below the level of 2900, having lost 1.4% on Tuesday. MSCI World decreased by 0.1% since the start of the day. The VIX volatility index grew from 17.9 to 19.7.
Commodities: Brent is trading at $ 57.8, reversing towards a decline following the markets. Gold adds 1.1% to $ 1507.
Crypto: Bitcoin was stuck at $ 8150, striking the 9th trading session around this level. Top-10 altcoins fluctuate within the growth range of 0.2% (Litecoin) - 6% (TRON).
Dollar demand increases as Sino-US and UK-EU deal prospects fall
Safe-heavens demand gained #USD across the board below 1.0940 for EURUSD atone point, while #GBPUSD sank under 1.22. as hopes for the Sino-US trade deal and UK-EU Brexit deal are melting away once again.
Interestingly, USD grew despite weak PPI data and Fed's Powell hints to new assets buying on the balance sheet.
https://fxpro.news/daily-forex-outlook/dollar-demand-increases-as-sino-us-and-uk-eu-deal-prospects-fall-20191009/
Safe-heavens demand gained #USD across the board below 1.0940 for EURUSD atone point, while #GBPUSD sank under 1.22. as hopes for the Sino-US trade deal and UK-EU Brexit deal are melting away once again.
Interestingly, USD grew despite weak PPI data and Fed's Powell hints to new assets buying on the balance sheet.
https://fxpro.news/daily-forex-outlook/dollar-demand-increases-as-sino-us-and-uk-eu-deal-prospects-fall-20191009/
For about two weeks, the price of Bitcoin has almost unchanged. During the last 24h, the first cryptocurrency loses about a per cent and trades at $8,150. The flat trend may be rather bad news for the benchmark cryptocurrency.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-stick-to-8000-level-for-9th-session-20191009/
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-stick-to-8000-level-for-9th-session-20191009/
#WaveAnalysis
#WTI is expected to rise further and retest the next resistance level 56.00.
https://fxpro.news/market-snapshots/wti-wave-analysis-9-october-2019-20191009/
#WTI is expected to rise further and retest the next resistance level 56.00.
https://fxpro.news/market-snapshots/wti-wave-analysis-9-october-2019-20191009/
Important Upcoming Events (GMT):
11:30 GBP 🇬🇧 [!!!] UK GBP
12:20 GBP 🇬🇧 [!!!] BOE Governor Carney Speaks
15:30 USD 🇺🇸 [!!!] US CPI
Detailed economic calendar
11:30 GBP 🇬🇧 [!!!] UK GBP
12:20 GBP 🇬🇧 [!!!] BOE Governor Carney Speaks
15:30 USD 🇺🇸 [!!!] US CPI
Detailed economic calendar
FX: Some increase in demand for risky assets weakens the dollar. The dollar grew by 0.2% to 98.7 on DXY. AUD and NZD are the leaders in growth against USD, adding 0.3% this morning. JPY and TRY lost within 0.1%.
Stocks: S&P500 Futures remain near Wednesday's closing levels after rising 0.9%. MSCI World added 0.1% on Thursday, but markets are sensitive to new China-US trade talks info. The VIX volatility index fell from 19.7 to 18.6.
Commodities: Brent is trading at $ 58.0, trading this level for the fifth day in a row. Gold stays near $1,506.
Crypto: Bitcoin jumped 5% to $8,600. The top 10 altcoins range from -3% (TRON) to + 6% (Ethereum).
Stocks: S&P500 Futures remain near Wednesday's closing levels after rising 0.9%. MSCI World added 0.1% on Thursday, but markets are sensitive to new China-US trade talks info. The VIX volatility index fell from 19.7 to 18.6.
Commodities: Brent is trading at $ 58.0, trading this level for the fifth day in a row. Gold stays near $1,506.
Crypto: Bitcoin jumped 5% to $8,600. The top 10 altcoins range from -3% (TRON) to + 6% (Ethereum).
Gold volatility set to increase due to trade wars uncertainty
Unresolved US-China trade disputes increase market volatility and lead the demand for gold as a protective asset recently. However, it would be too simplistic to believe that gold will grow until the parties finally agree.
Gold has increased 18% year-to-date, and this trend has only an indirect connection with trade wars. The monetary policy seen as the main reason behind recent gold growth. And this connection puts gold on the same side with the stock markets, rather than being antipodes.
https://fxpro.news/daily-forex-outlook/gold-volatility-set-to-increase-due-to-trade-wars-uncertainty-20191010/
Unresolved US-China trade disputes increase market volatility and lead the demand for gold as a protective asset recently. However, it would be too simplistic to believe that gold will grow until the parties finally agree.
Gold has increased 18% year-to-date, and this trend has only an indirect connection with trade wars. The monetary policy seen as the main reason behind recent gold growth. And this connection puts gold on the same side with the stock markets, rather than being antipodes.
https://fxpro.news/daily-forex-outlook/gold-volatility-set-to-increase-due-to-trade-wars-uncertainty-20191010/
The Chinese money support major crypto
Over the last 24h, Bitcoin (BTC) and Ethereum (ETH), climbed about 5% and 6% respectively. This increase may be due to the launch of the p2p platform from Binance, where Bitcoin and Ether trades in Chinese yuan.
Bitcoin’s growth momentum has led RSI out of the oversold area. This index rose above 30 on the daily charts. Last time the recovery of the index from oversold territory occurred in January of this year and preceded the stop of BTCUSD decline.
https://fxpro.news/analysis-and-insight/the-chinese-money-support-major-crypto-20191010/
Over the last 24h, Bitcoin (BTC) and Ethereum (ETH), climbed about 5% and 6% respectively. This increase may be due to the launch of the p2p platform from Binance, where Bitcoin and Ether trades in Chinese yuan.
Bitcoin’s growth momentum has led RSI out of the oversold area. This index rose above 30 on the daily charts. Last time the recovery of the index from oversold territory occurred in January of this year and preceded the stop of BTCUSD decline.
https://fxpro.news/analysis-and-insight/the-chinese-money-support-major-crypto-20191010/
Better than expected US CPI may ease the pressure on the dollar
Published US inflation data noted the continued its high growth rate. The core CPI (ex. food and energy) maintained a 2.4% y/y for the second month in a row. These data coincided with analysts' estimates; however, caused a slight strengthening of the dollar after the release, as traders probably put weaker inflation rates in quotes.
https://fxpro.news/daily-economic-events/better-than-expected-us-cpi-may-ease-the-pressure-on-the-dollar-20191010/
Published US inflation data noted the continued its high growth rate. The core CPI (ex. food and energy) maintained a 2.4% y/y for the second month in a row. These data coincided with analysts' estimates; however, caused a slight strengthening of the dollar after the release, as traders probably put weaker inflation rates in quotes.
https://fxpro.news/daily-economic-events/better-than-expected-us-cpi-may-ease-the-pressure-on-the-dollar-20191010/
#WaveAnalysis
#EURUSD is expected to rise further and retest the next resistance level 1.1070
https://fxpro.news/market-snapshots/eurusd-wave-analysis-10-october-2019-20191010/
#EURUSD is expected to rise further and retest the next resistance level 1.1070
https://fxpro.news/market-snapshots/eurusd-wave-analysis-10-october-2019-20191010/