Categories: Market Overview

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

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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