FxPro Daily Insight for July 11
July 11, 2019 @ 10:15 UTC
FX: USD declined against most major currencies after hints of the Fed’s readiness to ease policy
Stocks: U.S. indices returned to the all-time highs, but the Asian markets are dominated by a more cautious tone.
Commodities: Brent jumped 4% on Wednesday, trading above $67. Gold soared 2.5% to $1,420, returning to the area of the 6-years high.
Crypto: Bitcoin fell to $11100, unable to cling to the levels above $13000. Major altcoins lose from 6% to 20%, duplicating the decline.
Important upcoming events (GMT):
10:00 UK [!!!] Speech by BoE’s governor with a report on financial stability
11:30 EU [!!] ECB Monetary Policy Meeting Accounts
12:30 US [!!!] Consumer price index
14:00-17:30 US [!!] Powell and other FOMC members speeches