Categories: Market Overview

FxPro Daily Insight for August 21

Market overview

FX: The dollar index is adding 0.1% in the morning on Wednesday after falling 0.2% the day before. EUR and GBP are gaining ground, moving away from local lows. Turkish Lira (TRY) lost 2.7% in two days. The South African rand, by contrast, is strengthening after a drop since the beginning of the month. On the whole, a positive-neutral attitude prevails in the markets.

Stocks: S&P 500 futures added about 0.8% in the morning, having won back the decline a day earlier. The MSCI of the Asia-Pacific region has been trampled at about the same level since the beginning of the week. Stock market volatility declined after a spike earlier this month.

Commodities: Brent rose to $ 60, on API reports of US stocks dropping. Gold continues to run near 1500.

Crypto: Bitcoin loses 5% in 24 hours. Top 10 altcoins lose from 2.5% to 7%.

Important upcoming events (GMT):

12:30 CAD [!!!] Canada Consumer Price Index 14:00 USD [ !!] U.S. Existing Home Sales 17:00 USD [!!!] FOMC Meeting Minutes

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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