Markets nervous after Friday's volatility

29/03/2021

The greenback was trading broadly higher on Monday, and the EURUSD pair remained below 1.18 as sentiment looks negative in the new week.

Elsewhere, the banking sector could be under pressure on Monday after Credit Suisse warned of “highly significant” damage to its first-quarter results. The bank said it lost money from a large US hedge fund that defaulted on margin calls last week and that several other banks were also affected.

Equity futures were down during the London session, with both EU and US benchmarks losing circa half a percent. 

From other news, many EU countries have reimposed lockdowns, or they plan to do so during the upcoming Easter holidays. 

US yields were down slightly on Monday, with the 10-year yield trading at around 1.65%. It looks like the upside pressure has disappeared, at least for the moment. 

In commodities, precious metals were slammed again - gold down to 1,725 USD, with silver dropping below 25 USD. Oil was also weaker but so far traded above the 60 USD level. 
Cookie Policy: The Axiory website uses cookies and by continuing using the website you consent to this. Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please read the full Privacy Policy.