Market Overview

FxPro Daily Insight for December 5

Market overview

Forex: The dollar index is down for the fifth trading session, DXY sank to 97.5, the monthly lows, touched the 200-day average on Wednesday. EURUSD near 1.1090, changing slightly before the release of major employment US data on Friday. GBPUSD touched 1.3047 earlier this morning, the highest since May.

Stocks: Futures for S&P500 add 0.7%, reaching 3123. EuroStoxx 50 index adds 2% a little more than a day, while MSCI World increased 0.8%. The VIX index fell from 15.07 to 14.40.

Commodities: Brent is trying to break above $63.00 in anticipation of news from the OPEC meeting. Gold hardly changed during the day, remaining at $ 1,475.

Crypto: Bitcoin is at $ 7,350, making growth attempts. The top-10 altcoins range from -2.8% (BSV) to + 2.3% (BCH).

Important upcoming events (GMT):

07:00 EUR [!!] Ge Factory Orders 13:30 USD [!!] US Trade Balance 13:30 USD [!!!] US Initial Unemployment Claims

Detailed economic calendar

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