Categories: Market Overview

FxPro Daily Insight for July 22

Market overview FX: the USD gained on expectations that the Fed will refrain from 50 b. p. a rate cut in July.

Stocks: Major indices got hit on Friday but somewhat stabilized at the start of trading on Monday.

Commodities: Brent adds to the rising tensions in the Persian Gulf. Gold rolled back from 6-year highs, stabilizing at $1425.

Crypto: Bitcoin has steadied around $10500. The top 10 altcoins have been trading virtually unchanged over the last 24h.

Important upcoming events (GMT): 15:00 JP [!!!] BOJ Governor Haruhiko Kuroda Speaks 22:30 AU [!!] RBA’s Christopher Kent 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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