FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
ETX Capital information and reviews
ETX Capital
90%
FxPro information and reviews
FxPro
89%
FIBO Group information and reviews
FIBO Group
88%
EUR/USD
1.1916
GBP/USD
1.394
USD/JPY
110.2129
USD/CHF
0.9175
USD/CAD
1.2349
EUR/JPY
131.3321

Equities and Bitcoin Lower, USD Flat


23 April 2021

US Equities down again (-0.92%), USD (91.20) & Yields (1.55%) flat, BTC tanks under $50k on Biden proposal to raise capital gains tax to 40%. ECB nothing new, Largarde talked up strong 2H recovery, June meeting likely to see some changes. Claims at 13-month low. Overnight AUD up on good PMIs, JPY CPI lower PMIs ease higher too, Big jump for credit card spending in NZ and UK Retail Sales much better 5.4% vs 1.5%. AT&T & Intel beat expectations. Earth Summit – Biden cuts US emissions target by 50% for 2030, Japan, Canada and UK also cut targets.

European Open – Asian stock markets traded mixed, after Wall Street was hit by proposals for a higher capital gains tax for the wealthy in the U.S. as a way to pay for the government’s social plan. U.S. futures are already moving higher again, but Asian markets struggled after the weaker close in the U.S.

Topix and Nikkei lost -0.6% and -0.8%, as inflation came in a tad higher than anticipated, although at -0.1% y/y the headline rate remains stuck in negative territory. The ASX lost -0.1%, while Hang Seng and CSI 300 are currently up 0.7% and 0.5% respectively. The U.S. 10-year rate has lifted 2.0 bpo to 1.56% and bonds were also under pressure across Asia. In FX markets the dollar struggled, while CAD and AUD were supported. EUR-JPY dropped back to 107.89. Oil prices meanwhile pared a weekly loss, as the focus shifts back to recovering demand at the end of a week that was dominated by concerns over the resurgence of virus cases and rising stockpiles.

Today – Highlights include Eurozone, UK & US flash PMIs, ECB’s Lagarde. Earnings from Daimler, Honeywell and American Express

Biggest (FX) Mover @ (07:30 GMT) AUDCHF (+0.34%) rallied from 0.7060 low yesterday and open today. Moved over 20- and 50-hour MAs, next resistance 200-hour at 0.7096. Faster MAs remain aligned higher from open, RSI 53 cooling , MACD histogram & signal line aligned higher but remain under 0 line. Stochs rising. H1 ATR 0.0011, Daily ATR 0.0058.

#source

Related

Millionaire whales gobble up 90000 Bitcoin over past 25 days

Bitcoin whales are stocking up, with "millionaire" addresses accumulating around 90,000 Bitcoin worth $367 billion over the past 25 days. The accumulation was identified...

17 Jun 2021

China is kicking out more than half the world's bitcoin miners

China has long been home to more than half the world's bitcoin miners, but now, Beijing wants them out ASAP. In May, the government called for a severe crackdown on bitcoin...

16 Jun 2021

MicroStrategy says it may sell up to $1B in stock

The same day business intelligence firm MicroStrategy announced it would use $488 million from the proceeds of a private offering sale to buy Bitcoin...

15 Jun 2021

SEC warns investors of the risks with Bitcoin futures

The U.S. Securities and Exchange Commision (SEC) has warned investors about the risks of Bitcoin futures trading - citing market volatility, a lack of regulation...

11 Jun 2021

Bitcoin Jumps Most in 2 Weeks to $36K

Bitcoin's price jumped Wednesday by the most in two weeks amid mounting inflation concerns and hopes for mass adoption after El Salvador's parliament approved...

10 Jun 2021

Bitcoin Fall Has Strategists Seeing Possible Drop Toward $20000

Another bad week for Bitcoin could be a precursor of more pain to come, according to strategists watching the selloff in cryptocurrencies. Further weakness in its price may bring...

9 Jun 2021


Editors' Picks

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.