FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

The Dollar Index lost nearly 50 pips on Monday mainly driven by a surge in US Equities as trade war fears subsided and political woes involving Russian diplomats.

Currency markets rose against Dollar amid a shift in risk sentiment.

Markets focus on US Consumer Confidence data.

Today’s Forecast for Important Trading Indicators

• BTCUSD – Bitcoin breaks below $8K as investors digest ICO advertisements ban. Bitcoin price fell yesterday posting an $800 loss per coin as investors digested ICO advertisements ban on Twitter. BTCUSD had just started recovering above the 61.80% Fibo retracement, however, the token sales ban reversed the recent gains. The pair could remain under pressure as a bullish convergence seems to start developing on the MACD.

MARKET MOVERS

• EURUSD – Euro higher on Weidmann’s speech, risk sentiment back in as Dollar struggles. Euro-Dollar upsurged nearly 100 pips on the Monday session breaking the recent resistance at 1.2410 following Deutsche Bundesbank President Jens Weidmann’s speech. The pair reached a fresh 7-week high while Dollar maintained a weak profile amid a rise in US Equities. Price paused at 127.20% Fibo extension, a level that bulls attempt to break this morning.

• GBPUSD – Pound extends to fresh highs above $1.42 following two failed attempts. The British Pound rose to a fresh 7-week high yesterday reaching 1.4226 following last week’s sentiment on progress over Brexit talks as well as an ease in trade tension between US and China. Cable bulls could push the price higher towards 1.4345 barrier, the highest post-Brexit level.
• USDJPY – Dollar – Yen higher as Japanese currency suffers losses as traders turn to Gold. Yen posted losses against Dollar despite Dollar’s weakness as investors sentiment shifted to Gold as the safe-haven option for the day. The pair gained 90 pips following a 16-month low at 104.60. Market participants patiently wait for CB Consumer Confidence after seeing Dollar diving as the US expelled 60 Russian diplomats.

• USOIL – Oil ends session mixed as price forms a double top on 2-month high of $66.50. WTI rose to a 2-month in the Monday session before reversing its course on profit-taking as investors pocketed some of the gains. The black gold closed the session at $65.37, a level that price is likely to trade around ahead of API’s report.
• XAUUSD – Gold posts considerable gains following last Friday’s sentiment and a weaker Dollar. Gold rose to a 7-week high yesterday following sharp gains on Friday and speeches of three FOMC members in the Monday session while the US Dollar struggled to provide any positive sentiment. Gold reached a high of $1336/oz a break of which could take price to the 20-month high of $1375/oz.
• US Indexes – DJ and S&P 500 surged by 2.84% and 2.72% respectively.
• European Indexes – UK 100 soared by 1.28 %, DE 30 by +1.65%.
• Asian Indexes – ASX 200 rose by 0.72%, Nikkei by 2.65%, Hang Seng trades 0.75% higher.
• US Equities – Apple appreciated by 4.75, Bank of America by 4.35%.