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A world of Trading assets

30/03/2021 Market Chat

Authored by ZanderVanDerMerwe
30.03.2021
Market Commentary
0
2 min

It was a mixed day on the markets yesterday as statements for Biden indicated that all adults would be eligible for vaccination by 19 April, however COVID cases are on the rise as hospitalizations are increasing. As a result US Indices Dow closed positive after falling to a daily low of 32876, Nasdaq and S&P closed close to its daily open as they recovered following the statements. The Dax continued its upward trend as the index reached another record high for a consecutive day.

Gold broke out of its daily range, closing out the day on $1711, Silver followed suit as it closed the day below $25 for the first time since the 15th of January. Following the Suez Canal reopening positivity flowed into Brent as the commodity recovered to $65.

Bitcoin was the biggest mover of the day as the alternative asset rallied to reach a daily high of $58000 after opening up at $54900.

Prior to the European open JPY and CHF weakness against major currencies. There is still visible USD strength as Bond yields continue to rise.

Tuesday (SAST)
1:30am - Unemployment Rate (JPY)
4:00pm - CB Consumer Confidence (USD)

Authored by ZanderVanDerMerwe
30.03.2021
Market Commentary
0
2 min
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