Categories: Market Overview

FxPro Daily Insight for October 11

Market overview

FX: The dollar lost 0.4% per day to 98.35 DXY amid a recovery in demand for risks. An increase in demand for riskier assets causes a further weakening of the dollar against most major currencies. AUD and ZAR are the leaders in the growth to USD, adding 0.4% this morning. TRY and CHF lost within 0.2%.

Stocks: S&P500 futures remain in green, added 1.5% over the past day. MSCI World is increased by 1.5% over the last 24h, on optimism around the US-China talks. The VIX volatility index fell from 18.6 to 17.3.

Commodities: Brent is trading at $ 60.3, adding about 4%. Gold fell to $ 1,500 due to lower demand for safe-harbours.

Crypto: Bitcoin loses 33% to $ 8,350 in 24 hours. The top 10 altcoins ranged from -3.4% (BCH) to + 0.7% (Tether).

Important upcoming events (GMT):

10:00 EUR [!!!] ECB President Draghi Speaks 12:30 CAD [!!!] Canada Employment Change 14:00 USD [!!] US Consumer Sentiment

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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