S&P Futures Muted as Mixed Earnings Weigh on Sentiment, PMI Data in Focus
Updated Price for S&P 500 VIX (CFE: VIG21). Charting, Price Performance, News & Related Contracts.
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Updated Price for S&P 500 VIX (CFE: VIG21). Charting, Price Performance, News & Related Contracts.
Bitcoin price remained well bid above the $25,000 support zone. BTC/USD seems to be forming another bullish trend above the $26,000 pivot zone.
Disappointing US private job data doesn't trigger significant fresh selling in Dollar, but it's still maintaining its position as the week's weakest performer so far. Countervailing forces from declining US and European benchmark treasury yields are keeping the greenback's losses against Euro and Sterling in check. However, Swiss Franc and Yen seem to be making headway in broad rallies.
New Zealand Dollar rises broadly after RBNZ surprised the market with a 50bps interest rate hike. In contrast, Australian Dollar is suffering from cross-selling, extending the post-RBA selloff. Canadian Dollar is taking a breather as oil prices plateau following an earlier surge this week, with WTI still struggling around 80 handle. This divergence in commodity currencies is noteworthy as they respond to different market factors.
The European session has been marked by a resurgence of market turbulence as Deutsche Bank shares nosedive, fueled by a surge in its credit default swaps. This development has had a domino effect on major European indexes and US futures, both experiencing significant drops. Investors are seeking refuge in bonds, driving the US 10-year yield towards 3.3% and Germany's 10-year yield notably below 2.1%.