Categories: Market Overview

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

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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