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FxPro Daily Insight for March 13

Market overview
High volatility of stock markets after yesterday’s collapse remains. S & P500 since the start of trading on Friday added 3.7% after a collapse of 9.9% the day before. EuroStoxx50 grows by 5.5%, FTSE100 – by 4.4%.

DXY grew 0.5% today, returning above the 50- and 200-day averages and the levels for the start of the month. Massive injections of liquidity around the world caused the sale of JPY, GBP, CHF. GBPUSD fell to 1.2500, EURUSD – to 1.1100.

Gold now at $ 1,570 finding support near $ 1,550 earlier today.

Brent is at $ 35.7 ( 7% to intraday lows). The recovery in the markets has somewhat reduced the pressure on oil quotes.

High volatility of stock markets after yesterday’s collapse remains

Important events, GMT (Exp.):

02:00 Cn !! Retail Sales, Feb (8.0% y/y)
EA !! Eurogroup Meetings
12:30 US !! Empire State Manufacturing Index


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