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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

2021/04/08 Market Chat

Authored by ZanderVanDerMerwe
08.04.2021
Market Commentary
0
2 min

Yesterday was a positive day on the Global equity market as we saw positivity all through the market. Nasdaq, Dow, S&P, FTSE and Dax all rallied as global recovery took centre stage as the Blood Clot scandal that affected the AstraZeneca vaccine was deemed to have no causation.

The commodity market is stuck in a consolidation as Gold, Silver and Brent are all holding their support levels with no clear direction post FOMC meeting minutes that was released last night.

There is still a lot of EUR strength in the market as it continues to strengthen across major currencies. Post yesterday’s FOMC meeting minutes the USD gained some strength, but yet to see if there will be follow through as Powell addresses an International Monetary Fund Seminar. The Assian session saw some AUD and NZD strength come into the market prior to the European open.

Bitcoin sold off aggressively yesterday as it broke out of its consolidation range that it was forming over last week to make a new weekly low of
55400.

Thursday (SAST)
6:00pm - Fed Chair Powell Speaks (USD)

Authored by ZanderVanDerMerwe
08.04.2021
Market Commentary
0
2 min

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