Categories: Market Overview

FxPro Daily Insight for August 1

Market overview

FX: The dollar adds about 0.8% to the basket of major currencies. GBPUSD at 1.21, near post Brexit referendum lows; EURUSD at 1.1050, gave up support at 1.1100.

Stocks: Stock markets lost more than 1% in the wake of Fed comments. In the morning there have been cautious purchases from local lows.

Commodities: Brent has stabilized at $64, as the dollar was opposed by news of falling US stocks. Gold has been sold off from $1,430 to $ 1,405.

Crypto: Bitcoin adds more than 2% over the last 24h but is experiencing difficulties with growth above 10,000. Major Altcoins drifting from -3% to +5%.

Important upcoming events (GMT):

14:00 UK [!!!] Bank of England Interest Rate Decision 15:30 US [ !!] Initial jobless claims 17:00 US [!!!] ISM Manufacturing PMI

Detailed economic calendar

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

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