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.

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