Categories: Market Overview

FxPro Daily Insight for July 3

Market overview FX: GBP loses 0.4% on BoE’s fears around the effects of trade wars; JPY and CHF rose due to demand for safety bonds. Stocks: SPX plies near the highs in anticipation of further signals. ChinaA50 retreats from two-month highs. Commodities: Brent loses 3.5% despite OPEC+ support current quotas until March 2020. Gold back to the highs, jumping by 2.6%. Crypto: the Crypto Market turned to growth after a deep correction. Bitcoin rose by 16% over last 24h to $11400.

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Important upcoming events (GMT): 08:00 EU [!!] Services PMI 08:30 UK [!!] Services PMI 12:15 US [!!!] ADP Employment report 14:00 US [!!!] Non-manufacturing ISM

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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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