Categories: Market Overview

FxPro Daily Insight for August 26

Market overview

FX: Fears of trade wars heightened market volatility. The dollar index is recovering, adding 0.2% on Monday after falling 0.7% on Friday after Powell said he was ready to soften politics. EURUSD lost 40 pips from morning to 1.1120. GBPUSD remains near monthly highs at 1.2260.

Stocks: S&P 500 futures add about 1.9% in the morning after a 4% failure in response to the new US and Chinese tariffs. MSCI Asia Pacific is losing 2.0% since the start of the day. The VIX Volatility Index jumped to 20.6 on Friday.

Commodities: Brent has been rising 1.4% from the start of the day to $58.70, returning about half the decline on Friday. Gold took off to $1555 but soon rolled back to 1530 area.

Crypto: Bitcoin has again received support after another dip below 10K, trading at $10,300 at the moment. Top 10 altcoins vary in the range from -0.5% to + 3.0%.

Important upcoming events (GMT):

12:30 USD [!!!] U.S. Durable Goods Orders

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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