FxPro Daily Insight for July 12

Market overview

FX: USD maintains a downward trend for the third day; ‘commodity’ currencies – ZAR, AUD, NZD – add more than the others; GBP develops its rebound.

Stocks: U.S. indices are updating their historical highs, Asian indices are adding, but much more cautious.

Commodities: Brent is breaking over $67, WTI is trading above $60. Gold stabilized above 1400, after a 1% decline the day before.

Crypto: Bitcoin got support this morning after touching the levels below 11000. The top 10 altcoins are mainly in the green zone.

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Important upcoming events (GMT):

09:00 EU [!!] Industrial production 12:30 US [!!!] Producer Price Index 17:00 WTI [!!] Baker Hughes U.S. Rig Count Detailed economic calendar