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.

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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