A world of Trading assets

News and Insights

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

2021/06/09 Market Chat

Authored by TD Markets
09.06.2021
Market Commentary
0
2 min

Yesterday was a fairly mixed day on the markets as US indices remain ranging and lacked volatility as investors wait in anticipation of CPI that is set to be released tomorrow afternoon. European indices had more volatility as the Dax retraced and gave away some weekly gains while the FTSE closed the day out higher, today might lack volatility as Monetary Policy Statements are due out of Europe tomorrow afternoon.

Gold and Silver held firm above as movement remained limited for precious metals as inflation data looms. Brent was the biggest mover from the commodity point of view as it recovered after slipping to $70.60 to close the day out on $72.

Bitcoin slipped lower as it made a daily low just shy of $31 000, Ethereum held a bit more firm as it made a daily low of $2300 before recovering to close the day out on $2505.

Most of today’s focus should be on the CAD as there are impending Rate Statements due during the US session.

Wednesday (SAST)
4:00pm - BOC Rate Statement (CAD)

  • Overnight Rate
    4:30pm - Crude Oil Inventories (USD)
    7:01pm - 10-y Bond Auction (USD)
Authored by TD Markets
09.06.2021
Market Commentary
0
2 min

latest news

TD Markets

Africa’s Favourite broker

TD Markets provides you with access to the industry leading platform, Metatrader 4. This platform, easily accessible from any device, facilitates your trading experience by offering numerous tools, including indicators, expert advisors and open source algorithmic trading scripts.
Why TD Markets