FxPro Daily Insight for July 12
July 12, 2019 @ 10:24 UTC
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.
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