Spot Digital Services

⏰MARKET UPDATES 🧑🏽‍💻

Despite rising expectations that central banks will gradually move away from pandemic-era stimulus programs, markets continue to rise, showing that investment banks remain confident that the sustained rise in the stock market will continue. Statements from ECB officials showed that the ECB is optimistic about economic developments in the eurozone, but also that the conditions for a gradual withdrawal of stimulus measures are almost met. Higher 10-year US Treasury yields can be seen as an indicator that US investors also believe that economic growth will continue for longer. September was the worst month for equities in the last two decades, and we also see hedge funds preparing for a reversal. For now, markets remain optimistic, waiting for more clues on the Fed's plans for the coming months.

The ECB's optimistic comments have eased growth concerns for now. Risk sentiment remains positive, supporting risk-sensitive currencies such as the AUD, NZD and emerging market currencies. The rise in the EUR is likely to continue as expectations rise that the ECB has started internal talks on scaling back stimulus measures, which the ECB will then report on in detail at the upcoming ECB meeting (on Sep 9).

Get Profitable Signals and Weekly education at
https://t.me/sdspottrader

⏰ MARKET UPDATE 🧑🏽‍💻

European markets on track to finish the last day of the month strong. The dollar is again weakened, while the key 10-year US-Treasury yield was trading at around 1.28%. The strong rally at the end of the month was triggered by supportive Fed policies and a very strong corporate earnings season. In Afghanistan, the Taliban celebrated a victory over the US and its allies after the withdrawal of US troops from Afghanistan. Oil prices continued to move sideways as traders assessed the prospect of additional OPEC+ production, while other commodities gained, particularly aluminum and nickel. Bitcoin fell to around $47,000.

Traders are now waiting for Friday's key jobs data, which will shed light on the strength of the economy and influence bets on the Federal Reserve's next move on bond tapering. A strong jobs gain will boost the USD by increasing the likelihood that the Fed will take further steps toward tapering bonds. A weak outcome would likely lead to further USD losses. The best outcome for the stock market would be if Friday's NFPs were close or slightly better than expected (+750K jobs).

Get daily trade signals via telegram
https://t.me/sdspottrader

⏰ MARKET UPDATE 🧑🏽‍💻

Wall Street remains strong and continues to be supported by the positive statements of Powell, who continues to see the US economy on a good path and also said that the Fed's inflation targets have already been achieved. On the other hand, uncertainties also remain, such as continued concerns that a global economy slowdown, that the inflation spiral (especially in the US) will continue to turn, and that the end of cheap money will trigger a correction. Fears of the correction also assumes that there will be a countermovement in any case when the Fed starts to gradually reduce stimulus measures. The markets currently remain in a risk-on mood, so we will continue to see stocks climb slightly higher. The S&P 500 is already up more than 20% in 2021, but continued high stimulus, strong quarterly results and reopening momentum leaves room for upside. The dollar will remain stable, but may well recover from recent losses towards Friday, provided US non-farm payrolls are positive. Volatility overall will remain relatively low as markets continue to look for more guidance.

🔐 Markets in UK remain closed today due to Summer Bank Holiday.

Follow us on telegram to get instant trade signals and weekly education

https://t.me/sdspottrader

Get Top notch education and understand the true operations of the markets.

https://t.me/sdspottrader

Or send us a message to get started.

📋 The USD was able to rebound after job openings in April soared to a new record high, with 9.3 million vacancies coming amid a strong economic recovery that reveals that US companies are desperately trying to fill positions. Markets expected the JOLTS number to come in around 8.18 million, which means that for another straight months job openings increased strongly which can also be seen as an indication that companies expect the economic situation to improve strongly. The biggest job availability is in leisure and hospitality, the industry hit most by pandemic lockdowns, with open positions increasing by 32.7%. Interestingly, the big jump came in April, the month in which hiring disappointed with only 278.000 additional payrolls. Some investors believe that the structural unemployment could lead to change of policy of the Fed - We don't think so and believe that the Fed wants to see more labor market data. Thursday's US consumer price data will play a more important role. Instead we position us LONG in the AUD/USD. The AUD may see some tailwinds from an important speech of the Assistant Governor of the Reserve Bank of Australia. Christopher Kent may reveal that the RBA is in talks to exit the ultra easy monetary policy. If the RBA see strength in the labor market that could also give them confidence to bring forward rate hikes and could see them join the ranks of the BoC and the RBNZ. Rising house prices and inflations risks put additional pressure on the RBA.

Over time, we have taught different ways to trade profitably and make some extra income for yourself.

From first June through the next 90 days, we will be taking it a step further. With practical steps and more developed strategies for consistent wins on Forex, and Options,

➡️ Get the right trading psychology
➡️ Learn how to avoid the mines in the market
➡️ Increased trading success rate
➡️ How to identify crypto assets with the potential to do great.

Don't miss this training. Use the link below to join the WhatsApp training room

https://chat.whatsapp.com/IDpU9odJ80YJ88FS8zOJni

Get access to highly profitable trade signals daily on our free telegram channel

https://t.me/sdspottrader

https://facebook.com/spottrader1

Our services are topnotch. Use the links to access our free services

https://facebook.com/spotdigitalservices
https://t.me/sdspottrader

📋 The European Commission recommended Yesterday To ease the coronavirus-related travel restrictions within EU. Lufthansa CEO Carsten Spohr said that Germany's largest airline plans to fly to 100 vacation destinations. We positioned ourselves LONG in Lufthansa which saw massive Gains at market opening today.

Restaurants are reopening and are allowed to have seat outs for small group of persons.

Get access to trade signals and weekly training sessions.

https://t.me/sdspottrader

https://facebook.com/spotdigitalservices
https://facebook.com/spottrader1

⏰ FUNDAMENTAL UPDATE ↕️

📰 US stocks are trading mostly flat in US pre-market trading as investors prepare for one of the busiest weeks of the first-quarter earnings season, key economic data and a two-day Federal Reserve meeting that ends Wednesday. Some of the world's biggest tech companies will release earnings this week, including Tesla (today after the Bell), Apple, Microsoft, Amazon and Alphabet. US 10-year Treasury yields rose again to ~1.6%. European and Asian stocks were little changed, with banks and travel companies offsetting losses in automakers and tech companies. The dollar continues to move lower, heading for its biggest monthly loss since November last year. Bitcoin rebounded strongly over the weekend as investors took advantage of the lowest levels in seven weeks to get back in.

Investors use the Dip to get back into BTC and it has pushed further back to 53k USD regions. Since TESLA is heavily invested in BTC, this move has pushed their portfolio high for today.

Spot Digital Services.

Get daily trade signals and weekly live training sessions all for free here https://t.me/sdspottrader

Connect with us on facebook and Instagram
https://facebook.com/spotdigitalservices
https://facebook.com/spottrader1

https://www.instagram.com/p/COIUObGLeMY/?igshid=mgjglqd7wtlo

📋 A flare-up of coronavirus infection from India, over Japan to Canada is keeping the flight to safety alive in early European trade. The USD remains weak and can not benefit much from the increased safe haven demand amid lower US Treasury yields. India reported more than 2,000 COVID-19 related deaths in the last 24h, the countries highest daily toll since the beginning of the pandemic more than a year ago. Canada and the US extended a land-border closure for non-essential travelers. Further losses in the travel & hospitality sector will weigh on market sentiment and oil will likely continue to fall on expectations that fuel demand is plummeting, dragging the oil-linked CAD lower.

Get market updates and daily trade signals all for free.
https://t.me/sdspottrader
https://facebook.com/spottrader1
https://facebook.com/spotdigitalservices

Weakness in the greenback during the Asian trading session supported the currencies such as the EUR, GBP, AUD etc. The EUR/USD made an attempt to reach 1.21000 a level not seen since the beginning of March. The USD rebounded in early European trading after US Treasury yields were able to stabilize (10-y US Treasury yield > 1.61% again). The euro has suffered from a slow vaccine campaign in the EU and a third wave of cases that accelerated due to more contagious coronavirus variants. However, the region is catching up strongly now, helped by yet another announcement that the EU has secured an additional 100 million doses of the BioNTech/Pfizer vaccine. Vaccination rates have been increasing substantially in recent weeks thanks to BioNTech's strong output and the lockdowns enforced last month appear to be lifted by end of May at the latest. The euro is also benefitting from positive economic numbers, supported by strong growth in the US and China.

https://t.me/sdspottrader
Get free access to our trade analysis and signals daily via our Spot Trader program (100 percent free, no hidden charges. T&C apply).

https://facebook.com/spottrader1

Access strong forex signals and weekly trainings for free
https://t.me/sdspottrader

https://facebook.com/spottrader1

🥇 Fundamental Update 🥇

📰 The median economist estimate points to a gain of 650,000 nonfarm payrolls, the largest job gain in five months. US stock futures are rising ahead of key data from the US Bureau of Labor Statistics (14:30 MEZ). Most markets around the world are closed for the Good Friday holiday. Yesterday, the S&P 500 managed to close above 4,000 for the first time. Oil climbed sharply after the OPEC+ alliance agreed to increase production very moderately over the next four months. Markets in Japan and South Korea showed positive performance, supported by chipmakers. Biden's top national security and economic advisers plan to meet with semiconductor and automakers on April 12 to discuss the global microprocessor shortage.

The Non-Farm Payrolls report has the potential to cause heavy volatility in the bond market today, especially due to thin trading during a holiday-shortened session. US Treasuries may trade for half a day while the NYSE is closed today, just like most other markets around the world. Bond trading on Good Friday tends to be more volatile. According to a JPMorgan analysis, the bond market tends to be three times more volatile on trading days with jobs reports closing at 2 pm (18:00 GMT) early. All signs point to a strong jobs report. The US vaccination program continues to run at full speed and infections, deaths and hospitalizations are down sharply. Yesterday's US manufacturing PMIs came in very strong and well above expectations, adding to the positive market sentiment.

⚠️ Most markets around the world including commodity markets remain closed due to Good Friday

▶️ President Biden has difficult path through Congress for his ambitious infrastructure plan & tax hikes. Republicans want no part of the corporate tax hikes, while progressive Democrats say it is not nearly big enough. The complexity of negotiations, which will see the package broken into several pieces, will delay its completion for many months.