US stocks on Friday posted new fresh highs with the S&P 500 capped its fourth weekly advance. Indices futures in Japan and Australia pointed higher Monday morning.
Cryptocurrency trading saw increased volatility over the weekend as Bitcoin tumbled 15% from $64000 to near $56000. The sharp decline was following the “unsubstantiated” report of a US Treasury crackdown.
10-year US Treasury yields rebounded by 6 points to near 1.6% after dropped on Thursday. US 2-year yields were steady near 0.16%.
According to ZERO Markets’ Metatrader 4 platform, the US dollar was weaker against major forex pairs last Friday. EUR/USD rose from lows near 1.1960 highs around $1.1992. AUD/USD rose from lows near to $0.7726 highs around $0.7758. The dollar is steady Monday morning.
Commodity trading on Friday saw global oil prices edge lower after posting its biggest weekly gains. Over the week, the Zero Markets’ MT4 showed Brent rose by 6.1%.
Gold futures lifted by $13 dollars to $US1780 an ounce. While iron ore prices remain elevated at 9 and a half year high near $177.8 a tonne.
Key events this week:
- RBA policy minutes (Tuesday)
- EIA crude inventory report (Wednesday)
- ECB rates decision (Thursday)
- US manufacturing and services purchasing managers indexes (Friday)
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