Categories: Market Overview

FxPro Daily Insight for October 14

Market overview

FX: The dollar added 0.2% on Monday morning to 98.2 on DXY after failing 0.8% at the end of last week. SGD, PLN are the leaders in the growth to USD, adding 0.2%. NZD, ZAR gave back some gains next week, dropped 0.4%.

Stocks: S&P500 futures remain near Friday’s close at 2970. MSCI World is up 0.8% since Friday morning. The optimism around the US-China talks is restrained by weakening economic indicators. The VIX volatility index fell from 17.3 to 15.7.

Commodities: Brent is traded at $ 50.8 by 10:00 GMT, losing 0.8% from the start of the day. Gold declined to $ 1,490 due to lower demand for safe-harbours.

Crypto: Bitcoin almost did not change in a day, remaining at $ 8300. The top 10 altcoins range from -3.6% (BSV) to + 3.8% (TRX).

Important upcoming events (GMT):

12:00 EUR [!!] Eurozone Industrial production in the 03:30 AUD [!!!] RBA Monetary Policy Meeting Minutes 04:30 CNH [!!!] China Consumer Price Index

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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