FxPro Daily Insight for August 1
August 01, 2019 @ 11:50 UTC
FX: The dollar adds about 0.8% to the basket of major currencies. GBPUSD at 1.21, near post Brexit referendum lows; EURUSD at 1.1050, gave up support at 1.1100.
Stocks: Stock markets lost more than 1% in the wake of Fed comments. In the morning there have been cautious purchases from local lows.
Commodities: Brent has stabilized at $64, as the dollar was opposed by news of falling US stocks. Gold has been sold off from $1,430 to $ 1,405.
Crypto: Bitcoin adds more than 2% over the last 24h but is experiencing difficulties with growth above 10,000. Major Altcoins drifting from -3% to +5%.
Important upcoming events (GMT):
14:00 UK [!!!] Bank of England Interest Rate Decision
15:30 US [ !!] Initial jobless claims
17:00 US [!!!] ISM Manufacturing PMI