FxPro Daily Insight for November 4

Market overview

FX: Strengthening the dollar after a strong US employment report was short-lived. DXY closed Friday at 2-week lows. GBPUSD almost unchanged this morning, stayed at 1.2930; EURUSD little changes since Thursday’s levels at 1.1150. Currency market volatility reduced at the beginning of the week.

Stocks: Futures for S&P500 updated their historic highs at 3074. MSCI World is adding 0.9% to Friday’s levels. The VIX volatility index returned to 12.3 after the jump to 13.0.

Commodities: Brent added $1.8 to its levels on Friday morning, trading close to $61.3. Gold changes hands at $ 1,510.

Crypto: Bitcoin maintains its position close to $ 9150. The top 10 altcoins ranged from -3.0% (TRX) to + 1.7% (LTC) over the last 24h.

Important upcoming events (GMT): 09:30 GBP [!!] UK Construction PMI 19:30 EUR [!!!] ECB President Lagarde Speaks 01:45 CNH [!!] China Markit Services PMI 03:30 AUD [!!!] RBA Interest Rate Decision

Detailed economic calendar