Categories: Market Overview

FxPro Daily Insight for July 8

Market overview

FX: USD gained more than 0.5% after a strong NFP. Purchases are supported by a decrease in the chances of an aggressive Fed rate cut. TRY loses 2.5% this morning after an unexpected change of Central Bank Governor.

Stocks: SPX rolling back from highs, following reassessments of expectations on monetary policy.

Commodities: Brent is back above $64, balancing the growth of the dollar and strong data on the labour market. Gold returned above $1400 after a 2% dip after NFP.

Crypto: BTC adds 2% over the last 24h, trading close to $11500.

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Important upcoming events (GMT):

EU [!!] Eurogroup Meeting

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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