Categories: Market Overview

FxPro Daily Insight for July 9

Market overview

FX: USD craved upward, but the pace of growth slowed down recently. Market volatility has generally decreased in anticipation of new signals from the Fed.

Stocks: Indices are losing ground on the reassessment of the Fed policy expectations and rolling back from recent peaks.

Commodities: Brent retreated after failed attempt to climb above 65 on Monday, dropping to $63.70 at the time of writing. Gold adjusted 5th trading session in a row trading at $1393.

Crypto: A new growth spurt brought Bitcoin back to the 18-month highs at $12700.

Infographic description

Important upcoming events (GMT):

12:45 US [!!!] The speech of the Fed’s Powell 14:10-18:00 US [!!] Speeches by FOMC members Bullard, Quarles, Bostic

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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