FxPro Daily Insight for February 10
February 10, 2020 @ 18:07 UTC
There is the tug of war between bulls and bears in the stock markets with no definite trend for indices since the start of the day on Monday. We can highlight only a few topics with a new round of Tesla stock growth above $800 and the rise of Amazon stocks above $2000. There is also no single dynamics in the foreign exchange market: RUB and TRY remain under pressure while AUD and GBP has found the strength to rebound after the drop on Friday.
EURUSD continues to fall to the area of three-year lows under 1.10 on the sharp contrast of data from the USA (strong NFPs) and failed industrial production data from Germany, France and Italy.
Important events (GMT):
09:30 UK !!! Gross Domestic Product (0.8% y/y)
09:30 UK !! Industrial Production
14:00 EU !!! ECB President Christine Lagarde Speaks