- News flow at the beginning of a new week was very light. Lack of further escalation in the Middle East put pressure on safe haven assets and supported equities
- Wall Street indices trade higher today - S&P 500 gains 1.1%, Dow Jones adds 1.0%, while Nasdaq and small-cap Russell jump 1.3% each
- European stock markets indices traded higher today - German DAX gained 0.64%, French CAC40 moved 0.22% higher, Dutch AEX jumped 0.76%, Spanish IBEX closed 1.5% higher and Polish WIG20 rallied 1.80%. Italian FTSE MIB was a laggard and dropped 0.58%
- UK FTSE 100 rallied over 1.6% today and closed at the highest level in history
- Precious metals are slumping today, with gold dropping around 2.4% and silver slumping over 5%. Gold is making the biggest single-day drop in 14 months!
- USDJPY jumped to a fresh 34-year high today, driven by JPY weakness. The pair is approaching 155.00 mark
- Oil traded lower in the first half of the day, losing as much as 1.7% at one point. However, declines have been mostly recovered and now Brent trades just 0.2% lower on the day
- Cryptocurrencies continue recovery move following Bitcoin halving that took place over the week. Bitcoin gains 3% and climbs back above $66,000 mark
- Cocoa prices moved sharply lower today, after climbing to new all-time highs above $11,500 per tonne on Friday. Cocoa price drops 6% and moves back below $11,000 mark
- People's Bank of China left 1- and 5-year loan rates unchanged today at 3.45% and 3.95%, respectively
- Tesla drops 3% as weekend announcement of price cuts to a number of EV models, makes investors question demand outlook for company's cars
USDJPY jumped above 154.75 resistance zone today and reach a fresh 34-year high! Source:xStation5
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.