Analytics

DAX started a recovery when sellers met a decent support at 11400. The index bounced off this level and jumped to 11500 first. 

Renewed USD weakness helped the gold to regain fresh traction. Bulls broke through 1220 and extended near-term upward trajectory after that. 

Brent jumped to the 81.00 level in the early Asian session. Unfortunately, buyers failed to hold onto their fresh gains. 

Sellers preserved their dominant positions on Monday. 

The AUD started Monday on the defensive. Sellers pressured the level 0.7100 and spent the night there. 

The US dollar remained in sellers' hands who continued pushing it lower in the descending channel. 

The pound had a negative start to the week. 

EUR/USD was in a buy mode yesterday. The currency pair gapped downwards to the 1.1530 area where the spot ran through fresh bids and turned around.

The new week starts uneasy for global stock markets. Despite Friday's growth and correction after strong sales in the middle of the week, when the SP 500 grew above the 200th moving average, on Monday world equity markets continue to decline. 

On Monday, in the early European session the crypto currency market experienced an unexpected and powerful surge in capitalization and a price gain.