Categories: Market Overview

FxPro Daily Insight for August 29

Market overview

FX: Except for GBP pairs, the FX volatility reduced. The dollar index is adding less than 0.1% to 98.17 after strengthening 0.2% on Wednesday. EURUSD fell to 1.1075, a 27-month lows area. GBPUSD slid below 1.2200 due to lengthy parliamentary vacations ahead of Brexit.

Stocks: S&P 500 futures jumped 0.8% in recent minutes after gaining 0.5% the day before. MSCI Asia Pacific is adding 0.13% in the morning. The VIX volatility index fell from 20.3 to 18.9.

Commodities: Brent stood at $59.80 after rising 0.7% on Wednesday. Gold rolled back to $1540 after another failure to climb above $1550.

Crypto: Bitcoin failed at the end of the day on Wednesday with $10,200 and is trading at $9,400. The top-10 altcoins losing from 5% to 12% in the last 24 hours.

Important upcoming events (GMT):

12:00 EUR [!!] Germany Consumer Price Index 12:30 USD [!!] U.S. Gross Domestic Product 12:30 USD [!!!] U.S. Goods Trade Balance

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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