Categories: 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

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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