Forex: The dollar index develops growth after rising on Friday, trading at 98.2 EURUSD fell to near 1.1000. GBPUSD close to 1.2870, adding 0.3% after 0.5% drop on Friday. The dollar is adding on the background of strong US macro data.

Stocks: S&P500 opened the week with growth. European EuroStoxx 50 adds 0.3%, returning to the area of 4-year peaks. MSCI World is added 0.2% since Friday. The VIX volatility index fell from 13.13 to 12.45.

Commodities: Brent declined to $ 62.3 after touching $ 63.0 late last week. Gold fell to $ 1,457 - close to monthly lows.

Crypto: Bitcoin fell on Monday morning to 6500, but after that it shows a reversal attempt, climbing above 7000. Top-10 altcoins in the red zone, changing from -5.3% (BNB) to + 0.6% (BSV).

Crypto-winter is coming. Again

In just four days, Bitcoin lost $1,300 or 16% in price and touched 6500 at one point this morning. The total capitalization of the crypto market for the same period dropped by $37 billion.

A sharp drop below $7K opens the door for testing new lows closer to the lower boundary of $6K. The index of greed and fear turned out to be in the “Extreme Fear” mode at the level of 17, which indicates the panic moods among market participants.

https://fxpro.news/analysis-and-insight/crypto-winter-is-coming-again-20191125/

#WaveAnalysis
#Citibank is expected to rise further in the active impulse wave 3 toward the next resistance level 76.00

https://fxpro.news/market-snapshots/citibank-wave-analysis-25-november-2019-20191125/

#WaveAnalysis
#GBPJPY is expected to rise further toward the next pivotal resistance level 142.00

https://fxpro.news/market-snapshots/gbpjpy-wave-analysis-25-november-2019-20191125/

Important upcoming events (GMT):

09:05 🇵🇳 AUD [***] RBA Governor Philip Lowe Speaks
13:30 🇺🇸 USD [**] US Goods Trade Balance
15:00 🇺🇸 USD [***] US CB Consumer Confidence

Detailed economic calendar

Currency and stock volatility update lows. Is the reversal close?

It is easy to describe this market situation as complete lull, as both intraday trading ranges and expected volatility are decreasing. The VIX index – the index of the implied volatility of the S&P500 declined on Tuesday below 12.0 – the lowest since October 2018. Immediately after touching the local lows at 11.3 for VIX, the S&P500 turned down, losing more than 20% during the next 60 trading sessions.

There is a quite similar situation on the currency market where EURUSD volatility fell to 5-year lows. Many experienced currency market traders remember that alarming calm among the major currency pairs in early 2014th. After the calm EURUSD saw a continuous and robust trend, weakened by 22% from August 2014 to March 2015.

But one should note that the decrease in volatility is only a sign of calming the markets, not their reversal.

https://fxpro.news/daily-forex-outlook/currency-and-stock-volatility-update-lows-is-the-reversal-close-20191126/

#WaveAnalysis
#Alibaba is expected to rise further toward the next resistance level 195.00

https://fxpro.news/market-snapshots/alibaba-wave-analysis-26-november-2019-20191126/

#WaveAnalysis
#GBPAUD is expected to fall further toward the next support level 1.8900

https://fxpro.news/market-snapshots/gbpaud-wave-analysis-26-november-2019-20191126/

Important upcoming events (GMT):

07:00 🇩🇪 EUR [*] Ge Import Prices
13:30 🇺🇸 USD [**] US GDP 2nd estimate
15:00 🇺🇸 USD [**] US Personal Income / Outlays
19:00 🇺🇸 USD [**] Fed's Beige Book

Detailed economic calendar

#WaveAnalysis
#NZDJPY is expected to rise further in the active impulse wave (c) toward the next resistance level 71.00.

https://fxpro.news/market-snapshots/nzdjpy-wave-analysis-27-november-2019-20191127/

#WaveAnalysis

If the #Amazon breaks above the resistance level 1810.00 – Amazon can then rise toward the next key resistance level 1850.00

https://fxpro.news/market-snapshots/amazon-wave-analysis-27-november-2019-20191127/

Important upcoming events (GMT):
06:45 🇨🇭CHF [**] Sw Gross Domestic Product
13:00 🇩🇪 EUR [***] Ge Consumer Price Index
US Thanksgiving day – markets are closed

Detailed economic calendar

FX market prepares for the marathon

Volatility of most popular currency pairs has sharply decreased in recent days, as EURUSD fluctuations were the lowest in the history of the common currency. It seems that it found balance near a significant round level of 1.1000, having a lack of drivers to form a new impetus.

However, experienced traders in the stock markets perceive the calm of the markets as a preparation for a remarkable leap. Traders often look at this as on a possibility of a drop after a long but relatively quiet growth. It’s like jumping into an elevator shaft after climbing stairs.

The lull in the currency market ends in a slightly different way.

https://fxpro.news/daily-forex-outlook/fx-market-prepares-for-the-marathon-20191128/

Bit-comment: Bitcoin has settled and tries to grow

Bitcoin settled around $7,100 and started to grow. Investors wanted to make sure that the sell impulse dried up before they started buying. Bitcoin rose by 5% in the last 24 hours and traded around $7,600. The technical indicators showed that the benchmark cryptocurrency was oversold.

https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-has-settled-and-tries-to-grow-20191128/

FX: The dollar index retreated from 98.4 to 98.2 on the recovery in demand for risk. EURUSD still stuck at 1.1000. GBPUSD corrected to 1.2930 after a jump by 0.9% to 1.2950 after YouGov poll forecast the biggest majority for Conservatives in more than 30 years. Foreign exchange market volatility remains low, further suppressed by US holidays.

Stocks: Futures for S&P500 retreated from their historic high amid concern over China-US relations. EuroStoxx 50 loses 0.3%, retreating from 4-year peaks. MSCI World adds 0.2% over last 24h. The VIX volatility index grew from 11.45 to 11.75.

Commodities: Brent failed to gain a foothold above $63.0 after reports of US reserves and production growth. Gold tramples at $1457, near the lows of the month.

Crypto: Bitcoin corrected to $7450 after the jump from $6800 to $7600. The top 10 altcoins range from + 3.3% (XLM) to + 8.3% (TRX).

#WaveAnalysis
#Microsoft is expected to rise further toward the next resistance level 156.60

https://fxpro.news/market-snapshots/microsoft-wave-analysis-28-november-2019-20191128/

#WaveAnalysis
#CHFJPY is expected to rise further toward the next key resistance level 110.15

https://fxpro.news/market-snapshots/chfjpy-wave-analysis-28-november-2019-20191128/

Wake-up calls from Asia pressured the markets

South Korea’s manufacturing sector lost 1.7% in October, with Japan’s monthly loss of 4.2%. These data should be considered not only as a signal of the weakness of these countries. They are vital exporters of equipment and goods for China and other Asian countries. These are early signs how much the world economy affected by trade disputes and this impact only gaining momentum.

Under these conditions, it is very remarkable to hear ideas that US stands out from the rest of the world with robust data and will gain when all others soften. This decoupling idea is dangerous because it is a repetition of a common 12-years old misconception.

https://fxpro.news/daily-forex-outlook/wake-up-calls-from-asia-pressured-the-markets-20191129/

Bitcoin’s bounce bumped into the resistance

The end of the week turned out to be much more favourable for the crypto market than its beginning. Bitcoin was able to return from the area below $7,000 and clings to levels around $7,500. In June and October, this area was a significant support that now may become serious resistance.

https://fxpro.news/analysis-and-insight/bitcoins-bounce-bumped-into-the-resistance-20191129/

#WaveAnalysis
#Alibaba is expected to rise further toward the next resistance level 205.00

https://fxpro.news/market-snapshots/alibaba-wave-analysis-29-november-2019-20191129/