- FX – USDIndex once again found support at 100.88, currently holds over 101.00, EUR has pushed under 1.1000 from 1.1050 yesterday. JPY slips below 135.00 from a technical intra-day resistance at 135.34 earlier. Sterling declined from 1-year highs at 1.2670 yesterday but holds 1.2600 today.
- Stocks- US markets closed flat (-0.17% to 0.18%) (#TSN -16.41%, #AMD +5.79%) – US500 closed +2 pts 4138, FUTS are trading at 4148 today and still below the key resistance at 4175 & 4150.
- Commodities – USOil – Futures added to Friday’s gains and touched $73.50 and trades at $72.60 today. Gold – tested back into $2000 on Friday, but held $2020 yesterday, trades at $2025 now.
- Cryptocurrencies – BTC tumbled over 5.5% from Friday highs over $29.6k under the key $28k support level, and tested into $27k as BINANCE twice stalled withdraws over the weekend. Trades at $27.4k now.
Today – Speeches from ECB’s Lane & Schnabel, Fed’s Williams & Jefferson. Earnings from Daimler Truck, Ubisoft, Direct Line, Airbnb & Occidental Petroleum.
Biggest FX Mover @ (06:30 GMT) NZDJPY (-0.29%). Has broken a 3-day rally from 83.50 to 85.85 yesterday and is back at 85.30 now. MAs aligned lower, MACD histogram & signal line positive but declining, RSI 44.21 & falling, H1 ATR 0.140 Daily ATR 0.00621.
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Stuart Cowell
Head Market Analyst
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