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2021/06/30 Market Chat

Authored by TD Markets
30.06.2021
Market Commentary
0
2 min

It was a mixed day on the market yesterday as we saw the Nasdaq and Dax outperform all of the other indices with the Nasdaq making another record high. The FTSE, S&P and Dow all had substantial positive moves during the day however there was a lack of follow-through.

The precious metals had an interesting day as an increase of dollar strength saw both Gold and Silver breakthrough their ranges, however, Silver closed the day out inside its range again as it closed the day out on $25.75 and still trade above this level during the Asian session this morning. Brent recovered substantially as it held previous daily support of $73.81 to rally and make a daily low of $74.88 before closing the day out on $74.50.

Bitcoin and Ethereum had a very positive day as both rallied well during the course of the day, however, this morning’s Asian session saw a huge selloff rampage through the alternative asset class to see all of yesterday’s gains erased.

As we’re waiting for Europe to open, the Canadian Dollar is currently the strongest currency pending the release of its GDP data that is due this afternoon. The US Dollar is neutral at the moment pending ADP and PMI figures set to be released this afternoon. The Swiss Franc is currently the weakest currency for the day.

Wednesday (SAST)
3:00am - Manufacturing PMI (CNY)
2:15pm - ADP Non-Farm Employment Change (USD)
2:30pm - GDP m/m (CAD)
3:45pm - Chicago PMI (USD)

Authored by TD Markets
30.06.2021
Market Commentary
0
2 min

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