Markets never sleep! Let’s be prepared for a beautiful trading experience by looking at the most important news of Tuesday!
Tuesday News: Tension is Rising
Information is not investment advice
The consequences of Russian sanction have influenced all over the worlds. The commodities question has become crucial, especially for Europe, however as for the US, it doesn’t seem a problem.
Brent Futures crude reached $137 a barrel, the highest price since July 2008.
Gold futures rose above $2,000 an ounce for the first time in 18 months. The resistance now is $2022.50 and the support is $1975.
JPMorgan Chase & Co. said it would remove Russian bonds from all of its widely tracked indices, further isolating the country's assets from global investors.
The Biden administration is considering a possible ban on oil imports from Russia to the US, but "no decision has been made at this time," an administration official told Fox News.
The S&P 500 fell nearly 3%, its worst day since October 2020, while the high-tech Nasdaq 100 dropped 3.7% and the Nasdaq Composite closed in bear market territory.
Here are some highlights from this week:
- Apple new products event on Tuesday.
- China aggregate financing, PPI, CPI, money Supply, CNY New Loans on Wednesday
- Statement by Reserve Bank of Australia governor Philip Lowe on Wednesday and Friday
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
China delays GDP data because of potentially harmful numbers, but we will never delay our news because every release is an opportunity to trade on it! Here’s what will move markets today:
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
In this review, we will discuss important news for the following week. What will affect the financial markets soon? How will the main currency pairs react?
The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.