EU equity markets and US futures are lower this morning as investors take profits of the table after a strong 48-hour rally in the markets. EURSXX 50 is down 2.2% his morning while US futures are 0.8% lower as well. FX markets are trading another red session for the dollar, down 2.5% over the last 4 trading days. The index is at 100.36 this morning, down 0.7%. The JPY and CHF are getting stronger this morning, a typical “safe heaven” move as investors fear the spread of the corona virus in the US and more troubles near term for the global economy. US Jobless claims will shed some light on the numbers of jobs the US market lost over the past month and how deep the recession fears are in the biggest global consumers market of lost jobs. Gold is trading marginally lower at $1,630 per ounce this morning after the pullback yesterday and Silver is at $14.42, near the flat line. Oil prices keep trading between the $23-$25 range as demand is likely to drop near term as more US cities lockdown and the prospects of an OPEC+ deal not on the table. OIL Inventories grew as expected by 1.6 million barrels yesterday, for the ninth week in a row and products supplied dropped 10%, reflecting a weak environment for energy products in the US.

G20 meetings, (over satellite) all day, UK BOE Official Rate Decision at 1:00 pm, US Jobless Claims and Final GDP at 1:30 pm are the important news on the agenda Thursday, (all times GMT). 

 

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
26.3.20-0.1%-1.34%-0.2%1.15%-0.17%-3.1%
EURGBPUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
0.77%-1.03%-0.99%-1.54%2.37%-0.32%0.76%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
-0.7%-1.77%-1.56%-1.57%-1.58%-4.51%-0.66%
1 YEAR-13.53%-23.08%-18.36%-17.36%-12.9%-0.06%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
       
       
       
       
       
       
OPEN PROFIT      

The US dollar index is down for the 4-th day in a row after investors switch again to the JPY and CHF as their favorite near term “safe heaven”.

The EURSXX50 is down this morning after a strong 2-day rally as investors await the US Jobless claims, the first such number since the corona epidemic hit US jobs markets.

Warning: The information provided on this page (“the information”) is for instructional purposes only, for enhancing your general knowledge of the capital market in general and using trading methods and the technical analysis method in particular. We hereby clarify that the company, its management, staff, shareholders and agents do not hold investment advisor licenses and/or portfolio manager licenses by any applicable law, and do not pretend to advise any person on the worthiness of buying, selling, holding or investing in securities and other financial assets. The information should not be construed to be a recommendation or opinion, and any person who makes any decision based on the information – does so entirely at their own risk. Be aware that the information cannot serve in lieu of advice which accounts for specific information and needs of an individual, and that investing in securities and financial assets may cause loss. The company, its management, staff and agents may have a personal interest in issues related to the information, and may hold specific securities mentioned in the information, or similar securities. If you use the information, you waive any claim or demand against the company or anyone acting on its behalf.