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2021/06/23 Market Chat

Authored by ZanderVanDerMerwe
23.06.2021
Market Analysis
0
2 min

The positivity continued to flow into the market as we saw another risk-on day as US Indices pushed up higher while the European Indices consolidated during the day. Nasdaq broke and made a new all-time high as it made an intraday high of 14 287 that was broken in the Asian session where we saw the Nasdaq trading above the 14 300 levels before the European Open, Dow and S&P similarly recovered well while the S&P neared its all-time highs.

Gold and Silver continued to stabilise as they ranged following the FOMC selloff, Brent on the other hand is outperforming the precious metals as it nears the $75 mark.

Cryptocurrencies continued their decline as Bitcoin and Ethereum sold off aggressively during the US Open, however, this morning’s Asian session saw some recovery as both edged higher before the European Open.

This morning the Pound, Australian Dollar and Canadian Dollar are the strongest of major currencies while the US Dollar and Japanese Yen are the weakest of the major currencies. Today is PMI day as the data is set to be released out of Europe and the US, so take note as it is set to be released this morning and afternoon.

Wednesday (SAST)
9:15 am - French Flash PMI (EUR)
9:30 am - German Flash PMI (EUR)
10:00 am - Flash PMI (EUR)
10:30 am - Flash PMI (GBP)
3:45 pm - Flash PMI (USD)
4:30 pm - Crude Oil Inventories (USD)

Authored by ZanderVanDerMerwe
23.06.2021
Market Analysis
0
2 min

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