(MENAFN- FxPro) Market overview
FX: NZD collapsed by more than 2% after an unexpectedly strong RBNZ's rate cut and dragged AUD down. The dollar index is recovering as fears faded fears around the escalation of trade wars, and 'yielding' currencies have been cautiously grown this morning.
Stocks: HengSeng is adding 2.4% to the lows at the beginning of Tuesday, but is still 9% below the levels before the collapse. Futures on the S&P500 are virtually unchanged to Tuesday's closing levels, as markets are waiting for new signals from politicians.
Commodities: Contrary to the calm of markets, commodities move according to the 'crisis scenario'. Brent is trading at $58.60 - at lows since January, losing 2.7% over 24h on fears of a slowdown in the global economy. Gold rose to $ 1,490 and just one step from $1,500.
Crypto: Bitcoin failed to cling to levels above $ 12,000. Top altcoins lose 2% -7%.
Important upcoming events (GMT):
13:30 [!!] USDFOMC Member Charles Evans Speaks
14:30 [ !] BrentCrude Oil Inventories
02:00 [!!] CNH Trade balance
Detailed economic calendar
MENAFN2008201901560000ID1098903524
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.