Earlier in the week, the American session experienced the sharpest decline, so this time it is worthwhile to look carefully at attempts to stabilize the indices.
DXY on Friday from a explicit decline went into sharp growth. Perhaps we see a correctional pullback traditional for Friday and the end of the month.
JPY, CHF again in the growth leaders, but USDCHF turned around from the level near 0.9600. Closely related to the Chinese economy, AUD, NZD are yet in the lead of the decline, as well as other “commodity” currencies.
Gold loses sharply until $1621, as the stop orders triggered and markets deleverage.
Brent quotes sank below $50 at the beginning of the day, but managed to recover to $50.50, remaining at the lowest level since July 2017.
Important events, GMT (Exp.):
13:00 Ge !! CPI, Feb (1.7% y/y)
13:30 Ca !!! GDP, Dec (1.6% y/y)
13:30 US !! Personal Spending, Jan (0.3% m/m)
01:00 Cn !!! (Sat) Manufacturing PMI, Feb (45.1)