Categories: Market Overview

FxPro Daily Insight for February 19

Market overview

US and Asian indices are slightly changing over the past day in anticipation of new signals from the Fed in the minutes of the last meeting published later today. European indices fell marginally better than competitors due to the weakening of the single currency.

On FX, the dollar index continues to update 33-month highs. This time, the Japanese yen is losing sharply. USDJPY growth accelerated after taking the level of 110, which quickly sent the pair to 110.50, the highest since May since 2019.

The British pound ranged from 1.2970-1.3020 in response to the publication of inflation data. CPI growth accelerated to 1.8% y / y, exceeding expectations. However, this was not enough for steady purchases of GBPUSD.

Gold updated its highs of the year, touching levels above $ 1,611 in response to signs of accelerating inflation and the persistence of fears of the effects of coronavirus on the economy.

Oil is growing for the 7th trading session in a row, completely reversed the dip in February to $58.3 for Brent.

Important events, GMT (Exp.): 13:30 Ca !! Consumer Price Index (2.3% y/y) 13:30 US !! Housing Starts (1415K) 19:00 US !!! FOMC Meeting Minutes 00:30 Au !!! Employment Change (+10K) 09:30 UK !!! Retail Sales (+0.6% y/y)

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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