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A world of Trading assets

2021/08/11 Market Chat

Authored by ZanderVanDerMerwe
11.08.2021
Market Commentary
0
1 min

It was a bit of a quiet day on the markets yesterday with a lack of economic calendar events to drive the markets. Nasdaq dropped $100 on open before stabilising and consolidating at the bottom of its range while the Dow rallied higher to make new all-time highs. The Dax and FTSE continued their upward momentum as they reached their recent highs post covid.

The precious metals consolidated during the course of the day following the selloff we experienced off the back of strong NFP numbers. Brent Crude edged higher as it trades above $70 following its decline to $37.40.

Bitcoin and Ethereum continue to push higher as the alternative asset class gains traction as Gold slumped lower.

The US Dollar is currently the strongest currency in the buildup to CPI that is set to be released this afternoon at 2:30pm (SAST). The Australian dollar, New Zealand dollar, Japanese Yen and Swiss Franc are currently the weakest currencies as we wait for the European markets to open up.

Authored by ZanderVanDerMerwe
11.08.2021
Market Commentary
0
1 min

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