Categories: Market Overview

FxPro Daily Insight for August 14

Market overview

FX: The greenback rose after tariff delay to China import, as it reduced the chances of Fed rate cuts. USDJPY, USDCHF at the moment jumped 1.5% on the wave of withdrawal from safe assets, but already on Wednesday morning, protective currencies again added. The sharp movements of the foreign exchange market caused a jump in the volatility index.

Stocks: The S&P500 jumped nearly 2% within an hour after the announcement of the tariffs delay, but the momentum quickly ran out. Market growth has led to a decrease in volatility.

Commodities: Brent fell in the morning to $ 60.40 after jumping 5% to $ 61.20 last night. Gold retreated below levels below $ 1,500 after touching $ 1,535.

Crypto: Bitcoin dropped to $ 10,500; Top 10 altcoins lose up to 7%

Important upcoming events (GMT): 08:30 GBP [!!!] UK Consumer Price Index 09:00 EUR [ !!] Euro area Gross Domestic Product 14:30 WTI [ !!] US Crude Oil Inventories

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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