Categories: Market Overview

FxPro Daily Insight for August 27

Market overview

FX: Foreign exchange market volatility remained high on Monday. The dollar index virtually unchanged on Tuesday morning after growth by 0.4% on Monday. EURUSD treads around 1.1100. GBPUSD retreated from the area of monthly highs from 1.2260 to 1.2220.

Stocks: Futures for S&P500 lost 0.3% this morning after the jump by 1.1% on Monday. MSCI Asia Pacific decreased by 0.4%. The VIX volatility index fell 3% to 19.32.

Commodities: Brent price almost unchanged this morning changing hands by $ 58.30 after failed growth overnight. Gold gains 0.3% from the start of the day at $1534 after a pullback from $1555 to $1525.

Crypto: Bitcoin remains in a narrow range just above 10K. Top 10 altcoins lose from 1.5% to 4.5% in the last 24 hours.

Important upcoming events (GMT):

08:30 GBP [ !!] UK High Street Lending 13:00 USD [ !] US S&P/Case-Shiller 20 City 14:00 USD [!!!] US CB Consumer Confidence

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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