Categories: Market Overview

FxPro Daily Insight for July 12

Market overview

FX: USD maintains a downward trend for the third day; ‘commodity’ currencies – ZAR, AUD, NZD – add more than the others; GBP develops its rebound.

Stocks: U.S. indices are updating their historical highs, Asian indices are adding, but much more cautious.

Commodities: Brent is breaking over $67, WTI is trading above $60. Gold stabilized above 1400, after a 1% decline the day before.

Crypto: Bitcoin got support this morning after touching the levels below 11000. The top 10 altcoins are mainly in the green zone.

Infographic description

Important upcoming events (GMT):

09:00 EU [!!] Industrial production 12:30 US [!!!] Producer Price Index 17:00 WTI [!!] Baker Hughes U.S. Rig Count 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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