Daily summary: Bitcoin above $63,000, silver hits monthly high

• Currencies of the antipodes strengthen against the USD
• European stock close slightly higher
• US indices gain on upbeat earnings
• Bitcoin above $ 63,000 after the introduction of the new ETF
• Silver strengthens thanks to a weaker dollar

During today's session we could observe slightly lower volatility in the stock market. Major stock indices in Europe moved without any clear direction. Ultimately, the DAX managed to close 0.27% higher and the London FTSE100 gained 0.19%, while the French CAC40 lost 0.05%. Meanwhile, US indices extended yesterday's gains following a set of upbeat quarterly figures and are slowly approaching their all-time highs. Netflix and United Airlines are also due to report today. So far, 80% of the S&P 500 companies that have reported earnings beat market forecasts, according to FactSet.

Antipode currencies were the top performers during today’s session. The New Zealand dollar appreciated more than 1.1% against the USD, while the AUDUSD rose by 1%, which seems to be correlated with rising commodities prices. The pound is also strengthened against the greenback, which is 0.5% higher. The Canadian dollar appreciates 0.15% and the euro gains 0.22% against the USD. Franc and yen only add 0.07% and 0.02% respectively.

We could observe increased volatility on the commodity markets on Tuesday. Crude oil prices fell in the afternoon, however losses were quickly erased and in the evening both WTI and Brent are trading 1.3% higher. Silver price jumped over 2% mainly due to the weaker USD, and reached four week highs. The yield on the benchmark 10-year Treasury note rose above 1.63% on Tuesday, but it did not affect precious metals prices as it did in the past.

Bitcoin price rose sharply during today's session and broke above $ 63,000 after the successful debut of the first bitcoin-linked ETF  in the US. Shares of the long-awaited  ProShares Bitcoin Strategy ETF rose about 2% in its trading debut on the New York Stock Exchange Tuesday. The fund tracks CME bitcoin futures, or contracts speculating on the future price of bitcoin, not the digital currency itself. Other cryptocurrencies, besides Ethereum  which rose 3%, were rather muted. 

OIL.WTI -  slight pullback occurred early in the session, but buyers quickly regained control of the market. Looking at the H1 interval, the downward move slowed again around EMA100. The aforementioned average also coincided with previous price reactions and the 23.6% Fibonacci retracement. Therefore, it seems that there is a good chance for the continuation of the upward trend and the establishment of new local highs. Zone  around $ 81.25 remains a key support in the short term.Source: xStation 5