Daily Outlook

FxPro Daily Insight for August 6


Market overview
FX: The markets are trying to calm after the massive selloff, which reverses the trend of the previous days: USD adds to the basket of currencies, but adds AUD, ZAR, GBP that are sensitive to risk demand; Protective JPY, CHF leading the retreat.a

Stocks: The apogee of market fears came at the beginning of trading in Asia with losses of up to 5.5%over 24h, after which there was an increase in purchases, with markets added about 2% to intraday lows.

Commodities: Brent rose to $60.20 after touching the 7-month lows area at $59. Gold retreats from highs at $1,475 following an upturn in markets.

Crypto: Bitcoin overcame $12,000, maintaining positive impulse, despite the stabilization of markets. Top-10 altcoins are mostly added in the last 24 hours.

Important upcoming events (GMT):
13:30 US [ !!] FOMC Member Charles Evans Speaks
16:00 US [ !!] FOMC Member James Bullard Speaks
02:00 NZ [!!!] RBNZ Official Cash Rate decision

Detailed economic calendar

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