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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

03/03/2021 Market Chat

Authored by ZanderVanDerMerwe
03.03.2021
Market Commentary
0
1 min

Yesterday was a bit of a mixed day on the markets as European Indices edged higher to close the day positive. US indices were a bit mixed as the statements from the Fed regarding inflation halted what shaped up as a bull rally.

Gold recovered from the continued selloff yesterday as it closed out the day at 1738, Brent closed the day at $62.38 as fears of OPEC easing supply as economies start to open. It is the OPEC meeting tomorrow where we will see some more clarity.

Bond Yields were on a decline for the third straight day as we saw a dollar weaken against the major currencies. GDP figures came out of Australia this morning beating its forecast as GDP growth came in at 3.1%.

Wednesday (SAST)
2:30am - GDP q/q (AUD)
Tentative - Annual Budget Release (GBP)
3:15pm - ADP Non-Farm Employment Change (USD)
5:00pm - ISM Services PMI (USD)
5:30pm - Crude Oil Inventories (USD)
6:00pm - MPC Member Tenreyro Speaks (GBP)
10:15pm - RBNZ Gov Orr Speaks (NZD

Authored by ZanderVanDerMerwe
03.03.2021
Market Commentary
0
1 min

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