It will likely be a volatile week in the Forex market as there will be impactful data from the Fed and Bank of England as well as the release of non-farm payrolls.
➡️ With no impactful data scheduled for today, markets will be looking ahead to the rest of an important week. At the end of the week we will see policy meetings from the Fed and the Bank of England, as well as non-farm payrolls data from the US.
➡️ Most stock markets were up slightly from the weekly open. Stock markets in the United States and Japan are enjoying strong bull markets, with the NASDAQ 100 indices And S&P 500 benchmarks that reached new all-time highs last week.
➡️ Crude oil it extended its recent gains, leading it to trade close to the maximum price of the last 2 months, as US stockpiles dwindle and tensions continue in the Red Sea and Indian Ocean.
➡️ In the Forex market, the Australian dollar has been the strongest major currency since Tokyo opened today. The Swiss franc was the weakest. Increased volatility has recently been observed in the currency pair USD/JPY .
➡️ Despite reaching a long-term high almost 2 weeks ago, Bitcoin has continued to struggle to recover much, although it recently found support below the big round figure of $40,000.
➡️ Cocoa futures they last reached a new multi-year high price, which will keep trend traders interested in this commodity on the Long side. It has shown a powerful bullish trend for over a year.
Credit by DailyForex.com