FxPro Daily Insight for July 10
July 10, 2019 @ 10:41 UTC
FX: USD recaptures its positions in anticipation of Powell’s speech. GBP remains below 1.25, falling to 2-year lows yesterday.
Stocks: The pressure on the stock indices went back during the Asia trading session. SPX returned to Tuesday’s opening levels, HengSeng at 2-week lows.
Commodities: Brent has grown to $64.70 after reports on the decline in the U.S. inventories. Gold at $1390, returning to a corrective decline.
Crypto: Bitcoin has gone up to $13000, but altcoins have ignored the latest wave of growth.
Important upcoming events (GMT):
08:30 UK [!!!] Monthly GDP
14:00 CA [!!!] Bank of Canada rate decision
14:00 US [!!!] Powell’s report to Congress
18:00 US [!!!] FOMC meeting minutes