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2021/09/02 Market Chat

Authored by TD Markets
02.09.2021
Market Commentary
0
2 min

It was a lackluster day on the markets yesterday as there was no real significant movement as the markets wait in anticipation for the NFP figures set to be released. US markets consolidated for the major part of the day as the markets wait in anticipation for the unemployment figures set to be released on Friday. European indices had aggressive movements on both sides.

Gold and Silver are both ranging in the lead up to the unemployment data. There’s a lot of indecisiveness at the moment, with unemployment currently a big driver in the market as it is one of the Fed’s criteria to have substantial progress before interest rates will be increased.

The crypto market has been gaining momentum as Ethereum rallies to $3800 as it leads the pack, Bitcoin broke the range it was trading in the last week during the Asian session as its lining up to continue its upward momentum.

The Australian and Canadian Dollar leads the pack as they are the strongest currencies as the European markets opened up. The US Dollar and Japanese Yen are the weakest currencies.

Authored by TD Markets
02.09.2021
Market Commentary
0
2 min

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