The Evergrande debt crisis, the Chinese energy crackdown on missed targets and the ban on cryptocurrencies have been shaking the markets, along with Federal Reserve’s (Fed) more hawkish policy stance last week, and not only on its QE taper front but also regarding the interest rates.

Natural gas futures rebound fast from last week’s dip and should continue rising as the winter approaches. US crude traded it above the $75 per barrel in Asia for the first time since July.

Despite discouraging news on the wire, US and European futures traded mostly in the positive hinting at some more consolidation in equities at the start of the week.

In Germany, SPD party is ahead of outgoing Angela Merkel’s Christian Democrats. An SPD-led coalition in Germany is quite bearish for the DAX, but there is no particular sign off stress on DAX which recovers last week’s losses this Monday.

Finally, the impact of the latest Chinese news on Bitcoin’s price was significant but not dramatic as the $40K support held well during the kneejerk drop and during the weekend.

This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD: A mixed technical picture leaning with slight bearish bias

EUR/USD is a mixed picture across the weekly, daily and 4-hour time frames. The following is a top-down analysis that arrives at both a bear and bullish conclusion depending on the time frames. Overall, the bias leans to the downside, however. 

EUR/USD News

GBP/USD stays range-bound near 1.3750, closer to monthly support

GBP/USD remains on the back foot around 1.3765, keeping the weekly trading range during Wednesday’s Asian session. The cable pair inches closer to an ascending support line from September 29. Given the sluggish Momentum and the quote’s latest break below the 50-SMA, the sellers are sneaking in for entries. 

GBP/USD News

Gold: $1,830's remain elusive, but bull momentum intact

The price of gold has been offered on Tuesday, but it was established in the New York sessions and has found an equilibrium near the 10-day EMA in the current range. XAU/USD is sat in the $1,790s in a quiet start to the Asian session. 

Gold News

Litecoin favors a 20% upswing while LTC bulls remain elusive

Litecoin price has entered a tight congestion zone since the initial spike above the Cloud on October 20th. The trading range has been limited to the Tenkan-Sen at $196 above and Senkou Span B at $188 below. 

Read more

Bank of Canada Rate Decision: Inflation prospects headline policy review Premium

The Bank of Canada is expected to continue tapering its asset purchases and maintain its current rate posture when it concludes it meeting on Wednesday at 10:00 am EDT. Overnight rate projected to be unchanged at 0.25%.

Read more

Majors

Cryptocurrencies

Signatures