Categories: Market Overview

FxPro Daily Insight for August 20

Market overview FX: The dollar index is growing for the 6th consecutive trading session, returning to this month highs. There is no clear risk on/off sentiment in the foreign exchange market, as both risk-sensitive AUD, RUB, ZAR and protective CHF, JPY adds 0.2% to USD.

Stocks: S&P 500 gains about 0.4% this morning after rising 1.2% the day before. The Asia-Pacific MSCI grew 0.3% on stimulus hopes and decreased fears of a recession.

Commodities: Brent is trading at $ 59.20, adding 0.5% over the past day. Gold retreated below 1500.

Crypto: Bitcoin adds 2% in 24 hours. Top 10 altcoins fluctuate between a decrease of 2.5% and an increase of 3%.

Important upcoming events (GMT): 10:00 GBP [!!] U.K. CBI Industrial Order Expectations 14:15 NZD [!!] New Zealand Global Dairy Trade Price Index 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.

Share
Published by
The FxPro Analyst Team

Recent Posts

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

3 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

3 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

3 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

3 days ago

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

4 days ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

4 days ago

This website uses cookies