#USD holds its positions against #EUR, #JPY, but adds to #AUD, #GBP, which reflects the preservation of traction in protective assets. Stock indices lose more than 1% as #SPX and #DJIA drop by 1.5% over the past 24h. #Gold and #Bitcoin have impressively increased due to the increased demand for safe-havens.
FX: #USD near 11-week lows to the basket of major currencies on expectations of Fed's easing.
Stocks: U.S. Indices (#SPX, #DJIA) lose 0.5% over 24h. #HengSeng drops by almost 2% due to protests in Hong Kong.
Commodities: #Brent fell 2.2% per day, losing more than $1 since the beginning of the day. #Gold turned to growth.
Crypto: #Bitcoin again tries to break above $8000, #Litecoin paused growth after 40% over the last week.
Important events and speeches (GMT)
(!!!) 08:15 ECB President Mario Draghi will deliver a speech titled “Resilience to global headwinds?”
(!!!) 12:30 U.S. Consumer Price Index: prev. 2.0% y/y, forecast of 1.9% y/y
(!!) 14:30, U.S. Crude Oil Inventories: prev. 6.8M, forecast 0.5M.
Detailed economic calendar
Stocks: U.S. Indices (#SPX, #DJIA) lose 0.5% over 24h. #HengSeng drops by almost 2% due to protests in Hong Kong.
Commodities: #Brent fell 2.2% per day, losing more than $1 since the beginning of the day. #Gold turned to growth.
Crypto: #Bitcoin again tries to break above $8000, #Litecoin paused growth after 40% over the last week.
Important events and speeches (GMT)
(!!!) 08:15 ECB President Mario Draghi will deliver a speech titled “Resilience to global headwinds?”
(!!!) 12:30 U.S. Consumer Price Index: prev. 2.0% y/y, forecast of 1.9% y/y
(!!) 14:30, U.S. Crude Oil Inventories: prev. 6.8M, forecast 0.5M.
Detailed economic calendar
Fx: #USD grew from 11-week lows area against majors.
Stocks: U.S. stock indices (#SPX, #DJIA) close to the levels of 24 hours ago. China's #HengSeng continues its decline, losing another 0.7%.
Commodities: #Brent rebounds 0.7%, after a sharp decline the day before. #Gold once again is testing local maximums.
Crypto: #Bitcoin rose to $8250, but later rolled back to $8100, Ethereum overcame drop at the beginning of the month.
Important events and speeches (GMT):
(!!!) 🇨🇭 07:30 SNB interest rate Decision. No changes in the rate are expected, attention to the possible shift in the tone of the commentary.
(!!) 🇺🇸 12:30 U.S. Initial jobless claims: prev. 218K, forecast 215K.
(!) 🇺🇸 12:30 U.S. Import Prices: prev. -0.2% y/y, forecast -1.4% y/y.
Detailed economic calendar
Stocks: U.S. stock indices (#SPX, #DJIA) close to the levels of 24 hours ago. China's #HengSeng continues its decline, losing another 0.7%.
Commodities: #Brent rebounds 0.7%, after a sharp decline the day before. #Gold once again is testing local maximums.
Crypto: #Bitcoin rose to $8250, but later rolled back to $8100, Ethereum overcame drop at the beginning of the month.
Important events and speeches (GMT):
(!!!) 🇨🇭 07:30 SNB interest rate Decision. No changes in the rate are expected, attention to the possible shift in the tone of the commentary.
(!!) 🇺🇸 12:30 U.S. Initial jobless claims: prev. 218K, forecast 215K.
(!) 🇺🇸 12:30 U.S. Import Prices: prev. -0.2% y/y, forecast -1.4% y/y.
Detailed economic calendar
An extremely busy week can be a turning point for the markets
This week promises to be very busy with important events from the U.S. - China trade talks to FOMC Meeting and NFP report that could potentially set the tone for the next few weeks or even months.
Note that expectations quite low, so it is easier to surprise markets.
The #Nasdaq and #SPX closed last week with an update of historical highs but #DJIA is lagging that may be a bad sign.
The single currency failed to bounce back and returned to the 1.1120.
#GBPUSD slipped below 1.24 at the end of the week, breaking 28-month lows
https://fxpro.news/daily-forex-outlook/an-extremely-busy-week-can-be-a-turning-point-for-the-markets-20190729/
This week promises to be very busy with important events from the U.S. - China trade talks to FOMC Meeting and NFP report that could potentially set the tone for the next few weeks or even months.
Note that expectations quite low, so it is easier to surprise markets.
The #Nasdaq and #SPX closed last week with an update of historical highs but #DJIA is lagging that may be a bad sign.
The single currency failed to bounce back and returned to the 1.1120.
#GBPUSD slipped below 1.24 at the end of the week, breaking 28-month lows
https://fxpro.news/daily-forex-outlook/an-extremely-busy-week-can-be-a-turning-point-for-the-markets-20190729/
#WaveAnalysis #DJIA
• Dow Jones index broke key resistance level 36200.00
• Likely to rise to resistance level 36600
Dow Jones index recently broke above the key resistance level 36200.00 (which has been reversing the index form the middle of November).
The breakout of the resistance level 36200.00 accelerated both of the active impulse waves (iii) and 3.
Dow Jones index can be expected to rise further toward the next resistance level 36600 (top of wave (i) from November) – the breakout of which will lead to the test of the next resistance level 36800.00.
• Dow Jones index broke key resistance level 36200.00
• Likely to rise to resistance level 36600
Dow Jones index recently broke above the key resistance level 36200.00 (which has been reversing the index form the middle of November).
The breakout of the resistance level 36200.00 accelerated both of the active impulse waves (iii) and 3.
Dow Jones index can be expected to rise further toward the next resistance level 36600 (top of wave (i) from November) – the breakout of which will lead to the test of the next resistance level 36800.00.
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#WaveAnalysis #DJIA
Dow Jones reversed from resistance level 36800.00,
Likely to fall to support level 35000.00
Dow Jones index recently reversed down with the daily bearish Engulfing from the resistance level 36800.00, intersecting with the upper daily Bollinger Band and the weekly up channel from September.
The downward reversal from the resistance level 36800.00 started the active short-term corrective wave (ii).
Dow Jones index can be expected to fall further toward the next key support level 35000.00 (which reversed the price in December).
Dow Jones reversed from resistance level 36800.00,
Likely to fall to support level 35000.00
Dow Jones index recently reversed down with the daily bearish Engulfing from the resistance level 36800.00, intersecting with the upper daily Bollinger Band and the weekly up channel from September.
The downward reversal from the resistance level 36800.00 started the active short-term corrective wave (ii).
Dow Jones index can be expected to fall further toward the next key support level 35000.00 (which reversed the price in December).