Categories: Market Overview

FxPro Daily Insight for November 5

Market overview

FX: The dollar added on Monday to major currencies. DXY rose to 97.45, where it is turning to decline to 97.3 now. GBPUSD lost 0.2% per day to 1.29; EURUSD retreated to 1.1140. Currency market volatility is gaining momentum after Monday lull.

Stocks: S & P500 Futures continues to update highs, reaching 3082 (+ 0.26% per day). MSCI World adds 0.5% per day. The VIX volatility index rose from 12.3 to 12.8.

Commodities: Brent added $ 0.7 in 24 hours, trading near $62.0. Gold retreated to $ 1505.

Crypto: Bitcoin jumped to $9500, but at the time of writing returned to $9200. The top-10 altcoins vary from -0.2% (BNB) to + 14.4% (XLM).

Important upcoming events (GMT):

09:30 GBP [!!] UK Services PMI 13:30 USD [!!] US Trade Balance 13:30 CAD [!!] Canada Trade Balance 15:00 USD [!!!] US Non-manufacturing ISM 21:45 NZD [!!!] New Zealand Employment

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.

Share
Published by
The FxPro Analyst Team

Recent Posts

Solana Wave Analysis – 18 March 2025

Solana: ⬇️ Sell - Solana reversed from the resistance zone - Likely to fall to…

1 hour ago

CHFJPY Wave Analysis – 18 March 2025

CHFJPY: ⬆️ Buy - CHFJPY broke resistance zone - Likely to rise to resistance level…

1 hour ago

The crypto market is stuck in the mud

Market Picture The crypto market has been hovering in a narrow range for the past…

6 hours ago

FTSE 100 Wave Analysis – 17 March 2025

FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…

22 hours ago

Alibaba Wave Analysis – 17 March 2025

Alibaba: ⬆️ Buy - Alibaba broke the key resistance level 145.00 - Likely to rise…

22 hours ago

EURNZD Wave Analysis – 17 March 2025

EURNZD: ⬇️ Sell - EURNZD reversed from long-term resistance level 1.9160 - Likely to fall…

1 day ago

This website uses cookies