Categories: Market Overview

FxPro Daily Insight for July 11

Market overview FX: USD declined against most major currencies after hints of the Fed’s readiness to ease policy

Stocks: U.S. indices returned to the all-time highs, but the Asian markets are dominated by a more cautious tone.

Commodities: Brent jumped 4% on Wednesday, trading above $67. Gold soared 2.5% to $1,420, returning to the area of the 6-years high.

Crypto: Bitcoin fell to $11100, unable to cling to the levels above $13000. Major altcoins lose from 6% to 20%, duplicating the decline.

Infographic description

Important upcoming events (GMT):

10:00 UK [!!!] Speech by BoE’s governor with a report on financial stability 11:30 EU [!!] ECB Monetary Policy Meeting Accounts 12:30 US [!!!] Consumer price index 14:00-17:30 US [!!] Powell and other FOMC members speeches

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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