Categories: 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

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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