US Wrap
US markets are nonetheless ticking increased, not less than when it comes to the futures whereas the USD stays gentle.
With President’s Day, we had some combined commerce motion however did see some attention-grabbing strikes. BTC and the crypto area, received smashed in late Asian commerce yesterday, earlier than rebounding shortly. Bitcoin is hovering round that $50,000 degree and there’s loads of consideration on it presently.
GOLD and SILVER stay weak, even supposing there are huge bodily shortages and the Dollar is falling.
In the meantime, WTI continues to push increased with value remaining above $60 after the massive leap to shut out the week.
To date, the ES futures are nonetheless pointing to the next open, however I’m nonetheless very cautious and wouldn’t be a purchaser at these ranges.
The Knowledge Agenda
Knowledge is mild right now, with German ZEW the primary one in all word within the early European session. We may also get some second-tier Eurozone knowledge, however that’s about it.
Foreign exchange Sign Replace
The FX Leaders Crew have hit 2 straight winners in a row, to start out the week, nonetheless, we now have quite a lot of open positions in the mean time.
We have now three open alerts so look to the foreign exchange alerts web page for all the most recent developments.
EUR/USD – Lively Sign
The EUR/USD is holding below key resistance and we’re quick. Ought to that degree break, out bias, would possibly change.
Gold – Watching
GOLD stays very gentle in the mean time and simply can not bounce, regardless of the actual fact, there are bodily shortages. We’re quick in the meanwhile.
Cryptocurrency Replace
BTC may be very a lot the central focus in the mean time because it appears to be like to check the $50,000 degree.
Identical to with equities in the mean time, I wouldn’t be all that eager to be a purchaser at these ranges that’s for certain. In reality, I’d be tempted to be shorting right here.
