A world of Trading assets

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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

2021/03/26 Market Chat

Authored by ZanderVanDerMerwe
26.03.2021
Market Commentary
0
2 min

Following yesterday's positive GDP data out of the US that saw the economy grow 4.3% the previous quarter positivity dominated the market as Nasdaq recovered from the European session’s selloff to close the day near its open, Dow and S&P both closed the day higher as investors saw positive growth in the economy.

Gold is still ranging between 1720 and 1740, silver sold off in the European session reaching a 2 month low of $24.40 before recovering and closing above $25.

Gold closed positive but still ranging between 1720 and 1740, Brent recovered well following the selloff Tuesday as it closed the day up $4 at $64.06, as tension at the Suez Canal grew Brent closed lower at 61.54 down from its open at $63.86.

Following yesterday's Monetary Policy Statements out of Switzerland the Frank weakened against all major currencies keeping rates constant at 0.75%. The New Zealand and Australian Dollar strengthened considerably against all major currencies during the Asian session due to an increase in expected stimulus.

Friday (SAST)
All Day - Euro Summit (EUR)
11:00am - German ifo Business Climate (EUR)

Authored by ZanderVanDerMerwe
26.03.2021
Market Commentary
0
2 min
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