FxPro Daily Insight for July 8
July 08, 2019 @ 09:46 UTC
FX: USD gained more than 0.5% after a strong NFP. Purchases are supported by a decrease in the chances of an aggressive Fed rate cut. TRY loses 2.5% this morning after an unexpected change of Central Bank Governor.
Stocks: SPX rolling back from highs, following reassessments of expectations on monetary policy.
Commodities: Brent is back above $64, balancing the growth of the dollar and strong data on the labour market. Gold returned above $1400 after a 2% dip after NFP.
Crypto: BTC adds 2% over the last 24h, trading close to $11500.
Important upcoming events (GMT):
EU [!!] Eurogroup Meeting