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

2021/04/20 Market Chat

Authored by ZanderVanDerMerwe
20.04.2021
Market Commentary
0
2 min

It was a negative day on the market yesterday as rising COVID infections drove markets lower as fears of economies returning to normal was under threat despite increasing vaccination rates.

Nasdaq, Dax and FTSE all closed significantly lower for the day while Dow and S&P slumped lower but recovered significantly faster to close the day close to its open.

Gold sold off after hitting a new one month high of 1790 before selling off and closing the day on 1770. Silver remained in a range as it struggled to get through 26.25 but held 25.75. Brent broke through $67 in the Asian session this morning as it makes its push to its previous high of $70.

Bitcoin continues giving away profits as it broke through the 55 000 mark to be trading at 54 326 at the time of writing.

This morning saw some EUR, NZD and AUD strength come in to the market while the JPY weakened against the major currencies

There’s no major news events being released on the Economic calendar today.

Authored by ZanderVanDerMerwe
20.04.2021
Market Commentary
0
2 min

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