FxPro Daily Insight for July 2

Market overview

FX: USD adds after strong data reduces the chances of Fed rate cuts.

Stocks: SPX and Asian indices moved away from Monday’s highs, but cautious purchases remain in the morning.

Commodities: Brent has been growing since morning, returning above $65. Gold is recovering from a failure on Friday and Monday.

Crypto: the Bitcoin Selloff back below 10,000. Most of the top 10 altcoins are losing from 2% to 10% over the last 24h.

Infographic description

Important upcoming events (GMT): 08:30 UK [!!] Construction PMI 09:30 AU [!!!] RBA Governor Philip Lowe Speaks 14:05 UK [!!!] BOE Governor Mark Carney Speaks

Detailed economic calendar