Bitcoin price keeps the positive momentum after yesterday’s strong gains. Bitcoin has established an upward trend since the March 13 lows.
DAX index CFDs pared back earlier losses even as investors remain concerned about the state of the economy. The disease has continued to spread around the world and the number of confirmed infections stand at almost a million.
The S&P 500 looks poised to share the same fate of its Asian and European counterparts and finish today’s trading in the red. As of this writing, the stock index is in the red by over 3.60% at 2,490.8. Its technical setup also suggests that the S&P 500 has more downside potential.
Along with its European counterparts and following in the steps of Asian stocks, FTSE 100 closed the first day of trading for Q2 2020 with losses. The UK’s stock index finished with a 3.8% or 217-point loss at 5,454.6.
Despite US data topping expectations, USDJPY is struggling to find bids in the market. The currency pair is down 0.33% from its opening price as it trades at 107.19. On the 4-hour time frame, a bearish technical setup has materialized which suggests that there is more downside ahead.