Categories: Market Overview

FxPro Daily Insight for July 10

Market overview

FX: USD recaptures its positions in anticipation of Powell’s speech. GBP remains below 1.25, falling to 2-year lows yesterday.

Stocks: The pressure on the stock indices went back during the Asia trading session. SPX returned to Tuesday’s opening levels, HengSeng at 2-week lows.

Commodities: Brent has grown to $64.70 after reports on the decline in the U.S. inventories. Gold at $1390, returning to a corrective decline.

Crypto: Bitcoin has gone up to $13000, but altcoins have ignored the latest wave of growth.

Infographic description

Important upcoming events (GMT):

08:30 UK [!!!] Monthly GDP 14:00 CA [!!!] Bank of Canada rate decision 14:00 US [!!!] Powell’s report to Congress 18:00 US [!!!] FOMC meeting minutes

Detailed economic calendar

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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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