Market Overview

FxPro Daily Insight for August 8

Market overview

FX: The dollar index lost 0.1% amid stabilization of the markets on Thursday morning after rising since Tuesday. AUDUSD reversed the decline by 1.6%, NZDUSD returned only 1/3 of yesterday losses. EURUSD, GBPUSD, USDJPY the fourth day near 1.12, 1.215 and 106, respectively. USDCNH fluctuates around 7.06

Stocks: World indices are adding after positive data on China’s trade balance and the stabilization of the renminbi. SPX add 0.3%

Commodities: Crude oil and gold stabilized after sharp surges the day before. Brent is recovering from a decline to $ 55.70, Gold retreat below $1,500, after a peak at $ 1,510

Crypto: Bitcoin’s fight for $12,000 continues. Top 10 altcoins mainly in the green zone.

Important upcoming events (GMT):

Thursday 08:00 EUR [!!] ECB Economic Bulletin 12:30 USD [!!] US Unemployment Claims 23:50 JPY [!!] Japan Preliminary GDP estimate

Friday 01:30 CNH [!!!] China Consumer Price Index

Detailed economic calendar

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