Five things needs to know today: Forex, Commodity Market forecast (7 April 2020)

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Five things needs to know today: 


πŸ˜ƒ US stocks surged to a three-week high on the easing virus toll. Dow increased 7.7% to 22,679.99. S&P 500 increased 7% to 2,663.68. European and Asian benchmarks closed 3%-5% higher. 

πŸ›’️ WTI crude traded at $26.50 a barrel in early session after declining 8% on Monday amidst uncertainty around supply cuts. Markets await more details from OPEC+ and G20 meeting later this week.

πŸ’› Gold rallied to a four-week high of $1666 as the full economic outlook remains unknown. The US dollar index rose slightly to 100.87, while the yield on 10-year Treasuries climbed to 0.67%.

πŸ’Ά EUR declined for the sixth consecutive day to a two-week low of 1.0792. GBP dropped to 1.2201 after PM Johnson was moved to intensive care for COVID-19 treatment. JPY weakened to 109.23. PM Abe is expected to announce a state of emergency and details of a record stimulus package.

πŸ‡¦πŸ‡Ί NOK led the gain in G10 currencies, jumping to 10.4220 per dollar. AUD advanced to 0.6086 ahead of trade balance (12:30 AEDT) and rate decision (15:30).

Some Importand View Points to Remeber today

 EUR/USD Rate Eyes 2020 Low Amid Mixed Views Surrounding OMT : EUR/USD approaches the yearly low (1.0636) following the limited reaction to the US Non-Farm Payrolls (NFP) report
Euro, Crude Oil May Suffer From OPEC & Eurozone Political Rifts
Euro Falling vs Swiss Franc, US Dollar, Japanese Yen as Political Deliberations Weigh in
The haven-linked US Dollar and similarily-behaving Japanese Yen underperformed against their major counterparts as market mood notably improved at the onset of the new week.


 DOW, S&P 500, NASDAQ 100 PRICE ANALYSIS:

Θ US equities popped-higher today, with a 7% gain in the S&P 500 and a 7.7% move in the Dow.
Θ At the source of the move was hope that there may be a slowing in the growth rates of the novel coronavirus in hotspots in Europe and the United States.
Θ Last month brought a brutal rally into the equation; but this was met by some significant economic drivers out of both Congress and the Fed.

DAX 30 FORECAST:
The DAX 30 fell roughly -40% from the February 19 high to the March 19 low.Bulls have been unable to break above resistance derived from the December 2018 lows

For more details and Signal assistance PM: https://bit.ly/2JfF4Cg

Do you want to know insides, best entry prices to short or buy now Contact me on Telegram: https://t.me/forexpersonalguider

#UK #UAE #ΩΩˆΨ±ΩƒΨ³ #Germany #Spain #Greece #ukfx  #Malaysia #Singapore #Australia #ΩΩˆΨ±ΩƒΨ³ #سعودي #ΨΉΨ±Ψ¨ #Ψ°Ω‡Ψ¨ #金 #金俑号 #ε€–ζ±‡δΊ€ζ˜“ #ι»„ι‡‘δΊ€ζ˜“ #ε€–ζ±‡δΊ€ζ˜“ #Brexit #finances #igmarket #USD #FBS #fxtm #Goldmarket
#GBPUSD 𝗙𝗒π—₯π—˜π—« π—šπ—’π—Ÿπ——


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