Asian markets are calmer today after another volatile volatile week, but bank concerns and recession risks linger. JPY Their peers perform less at the beginning of the week. US stocks Gain on Friday American dollar Refunds and treasury yields Fell across the curve, with all the commerce under it 4%. Deutsche & Commerzbank Lost -8.53% And -5.54% respectively. European and American FUTS are currently higher. First Citizen Bank will buy SVB from Federal Deposit Insurance Corporation, The head of the International Monetary Fund warns that global financial stability is at risk from banking turmoil, and the head of the National Bank of Saudi Arabia was forced to resign after the outbreak of the rush. Swiss credit.
next week: we gross domestic product on Wednesday and the Core PCE Price Index on Friday Data is issued by week, month and quarter.
- FX – USD rebounded from 102.00 Friday for the test 103.00 and holds in 102.80 now. euro slide into 1.0750 It continues to rotate around this level. JPY dropped less 129.50 on Friday before recovering to 131.25 now. sstunned Even tested 1.2200 On Friday and carries on 1.2225 now. The British OBR said that the British economy is 4% smaller due exclusively to Brexit.
- Stores – US markets moved higher (+0.31% to +0.41%) Major MThe amounts were elsewhere: DB.de -8.53%, CBK.de -5.54%. Tech giants have lifted the US markets. YuS500 +0.56% (+22.27) to 3970, 500 USD FUTS is also higher 4021 now.
- Goods – Lycel oil – Futures testing $67.00 Level again on Friday before recovering to $70.00. gold – Psychic can’t hold the key 2000 dollars level on Friday and is trading at $1,970 now.
- Digital currencies – BTC holds in $28k After struggling to get away from that level last week.
today – Ifo German, sermons from Fed jefferson, Bailey of the Bank of England, European Central Bank Schnabel and Elderson.
The largest forex engine @ (07:30 GMT) CADJPY (+0.55%). The rally continued today from Friday’s test low 94.00 Refer to the 95.50 now. Moving averages align up, MACD histogram and signal line are positive and bullish, RSI 65 and bullish, H1 ATR 0.198, daily ATR 1.600.
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Stuart Coyle
Principal market analyst
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