Economic Events

FxPro Daily Insight for November 28

Market overview

FX: The dollar index retreated from 98.4 to 98.2 on the recovery in demand for risk. EURUSD still stuck at 1.1000. GBPUSD corrected to 1.2930 after a jump by 0.9% to 1.2950 after YouGov poll forecast the biggest majority for Conservatives in more than 30 years. Foreign exchange market volatility remains low, further suppressed by US holidays.

Stocks: Futures for S&P500 retreated from their historic high amid concern over China-US relations. EuroStoxx 50 loses 0.3%, retreating from 4-year peaks. MSCI World adds 0.2% over last 24h. The VIX volatility index grew from 11.45 to 11.75.

Commodities: Brent failed to gain a foothold above $63.0 after reports of US reserves and production growth. Gold tramples at $1457, near the lows of the month.

Crypto: Bitcoin corrected to $7450 after the jump from $6800 to $7600. The top 10 altcoins range from + 3.3% (XLM) to + 8.3% (TRX).

Important upcoming events (GMT):

13:00 EUR [***] Ge Consumer Price Index
Thanksgiving day – US markets are closed

Detailed economic calendar

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