Categories: Market Overview

FxPro Daily Insight for August 22

Market overview

FX: Dollar index runs around 92.10 for the fourth day. EUR, GBP failed to develop the offensive, having lost about 0.2% on Wednesday. The volatility of the main currency pairs decreases during the week, but today there is interest in protective CHF, JPY restored; “yielding” TRY and ZAR are on defence.

Stocks: S&P 500 futures are adding around 0.1% in the morning after rising 0.8%. The MSCI of the Asia-Pacific region has been trampled at about the same level since the beginning of the week. Stock market volatility continues to decline.

Commodities: Brent corrected to 59.50 after rising to $ 61 on Wednesday. Gold remains near $1500, losing 0.2% from the start of the day to $1499.

Crypto: Bitcoin loses 2% in 24 hours to $9900. Top 10 altcoins lose from 0.5% to 2.5%.

Important upcoming events (GMT):

08:00 EUR [!!]Euro area PMI preliminary estimate 11:30 EUR [!!]ECB Monetary Policy Meeting Accounts 12:30 USD [!!] U.S. Unemployment Claims 13:45 USD [!!] U.S. PMI preliminary estimate

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