Important data to shake thin markets this week

Important News for the week:

• Wed 30th, 14:15 CET US ADP employment change.

• Wed 30th, 15:45 CET CA BoC interest rate decision.

• Wed 30th, 20:00 CET US FOMC interest rate decision.

• Thu 31st, JP BoJ interest rate decision.

• Thu 31st, 14:30 CET US Core pce price index.

• Fri 01st, 14:30 CET US Nonfarm payrolls.

Important data releases due

Another busy week of trading has just begun. While stocks are driven higher due to positive US earnings the Gold price keeps losing some steam. The positive risk sentiment might continue throughout this week. The Central banks are not expected to cut rates for now but any hints in particular by the FED might cause equities to get another run higher. On the other hand the Dollar is gearing up some steam in early trading as the DXY seems to defend its support zone at 97.00. 

Market talk

The positive trend in equities also helps the crypto space to run higher. Bitcoin is leading the market, while altcoins follow. ETH and XRP might be well on track to push higher and in particular Cardano might be just ahead of a breakout to the upside. The strength of the Dollar might also push oil prices lower. If the USD 66.00 zone breaks another slide to lower levels might be seen. Silver keeps also pushing lower. In particular the weekly candlestick pattern suggests that prices might come down further.

Tendencies in the markets

• Equities positive, USD stronger, Bitcoin positive, ETH positive, oil weaker, Silver correcting, Gold weaker, JPY weak.