A world of Trading assets

News and Insights

It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
A world of Trading assets

09/03/2021

Authored by ZanderVanDerMerwe
09.03.2021
Market Commentary
0
1 min

It was a mixed day in the US yesterday as the Dow climbed and made a new high before closing the day just shy of 32 000, Nasdaq closed lower with the sellers still firmly in control resulting in the S&P slightly down on the weekly open.

The Dax outperformed yesterday as it broke and made new highs closing out the day just shy of 14500.

Bitcoin broke out of a significant daily range as it is currently trading at 54 300 fast approaching it's all time highs of 57 377.

Commodities suffered the wrath of dollar strength as yields continue to rise resulting in Gold continuing decline closing out the day at 1682. Brent had a strong selloff as fears of oil supply amid the weekend’s attacks as well as the strong dollar pushed it down to $68 down from yesterday’s high of $71.

Tuesday (SAST)
1:50am - Final GDP q/q (JPY)
1:50am - M2 Money Stock y/y (JPY)
9:00am - German Trade Balance (EUR)

Authored by ZanderVanDerMerwe
09.03.2021
Market Commentary
0
1 min
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