Categories: Market Overview

FxPro Daily Insight for November 6

Market overview

FX: The dollar index rose to 97.8 DXY on Tuesday, retreating 0.3% on Wednesday morning. GBPUSD almost unchanged, remaining at 1.2880; EURUSD is trading at 1.1080, pulling back after falling to 1.1060. The FX market volatility continues to increase.

Stocks: Futures for S&P500 retreated from all-time highs to 3073 (-0.4% from the peak). MSCI World loses 0.2% per day. The VIX volatility index rose from 12.8 to 13.15.

Commodities: Brent added $0.2 in 24 hours, trading close to $62.2. Gold lost 1.3% overnight to $1487.

Crypto: Bitcoin little changed, trading $9350. Top-10 altcoins in the green zone, varying from + 0.7% (XRP) to + 4.6% (BSV).

Important upcoming events (GMT):

13:00 USD [!!] FOMC Member Evans Speaks 14:30 USD [!!] FOMC Member Williams Speaks 15:30 WTI [!!] US Crude Oil Inventories

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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