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.

Share
Published by
The FxPro Analyst Team

Recent Posts

Video: Dollar and Indices are trying to find footing after the fall

The dollar experienced a sell-off but rallied back up by the end of the week.…

3 days ago

What is next: BoJ, Fed, SNB & BoE Rates

The new week will be packed with economic data and decisions from key central banks.…

3 days ago

Dollar attempts to rebound after oversold conditions

Despite economic factors working against the dollar, its oversold condition helped it this week or…

3 days ago

USDCAD Wave Analysis – 14 March 2025

USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…

3 days ago

Solana Wave Analysis – 14 March 2025

Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…

3 days ago

Adobe Wave Analysis – 13 March 2025

Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…

3 days ago

This website uses cookies