Categories: Market Overview

FxPro Daily Insight for November 21

Market overview

FX: The dollar index changed only slightly over the last 24h, remained at 97.8. Commodities CAD and AUD, as well as Chinese CNH, are losing ground following concerns over progress in US-China trade negotiations. EURUSD almost unchanged at 1.1070. GBPUSD reversed on Wednesday evening, risen to 1.2930.

Stocks: Futures for S&P500 closed Wednesday with a decline, increased the pullback from peak levels to 1%. Chinese China A50 loses 1%. MSCI World loses 0.5% per day. The VIX volatility index fell slightly from 12.9 to 12.8.

Commodities: Brent turned to growth at the end of the day Wednesday, trading at $ 61.5 (+ $ 1.5). Gold retains a slight upward bias, but $ 5 below the level of 24h ago at $1472.

Crypto: Bitcoin decline trend is developing. The course came close to $ 8000, down 12 of the last 13 sessions. Top 10 altcoins in the red zone, varying from -6.8% (BNB) to -1.1% (BCH).

Important upcoming events (GMT):

12:30 🇪🇺 EUR [**] ECB Monetary Policy Meeting Accounts 13:30 🇺🇸 USD [**] Philly Fed Manufacturing Index 15:00 🇺🇸 USD [**] US Existing Home Sales

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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