- U.S. indices ended Tuesday's session sharply lower, extending the wave of declines seen since the beginning of the week. All major Wall Street benchmarks ended yesterday's session down an average of 1.2% intraday.
- Today's session in Asia-Pacific markets was conducted in a relatively mixed mood. Chinese markets are doing well due to better profit data in the industrial sector there. The Hang-Seng Index gained 0.55%, and stocks listed on Shanghai markets gained an average of 0.25%. Benchmarks in Japan, Korea or India, however, are seeing moderate declines at the moment.
- The EUR/USD pair hit a six-month low below the 1.0560 zone. In the broad market, the JPY and USD are the best performers at the moment, with the Antipodean currencies suffering the biggest losses.
- The BoJ's minutes did not permanently change sentiment around the bank's continued loose monetary policy, but between the lines, bankers are looking with great uncertainty at wages, which many believe could rise at a pace not seen in the past.
- Economists at US investment banks expect credit conditions to weaken over the next six months.
- JP Morgan says rising oil prices could destroy market demand.
- Highlights of the day include the ECB meeting (non-decisional), German Gfk consumer sentiment, U.S. durable goods orders data, oil inventory change report, and a speech by Jordan, chairman of the SNB
Heatmap of the FX market, which illustrates the volatility on each currency pair at the moment. Source: xStation 5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThe content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.