FxPro Daily Insight for October 2

Market overview

FX: The dollar index returned to 99.0 after a 0.6% drop on weak US manufacturing data. USD in the morning adds to most currencies except JPY. EURUSD is back below 1.09. GBPUSD was down to 1.2230.

Stocks: S&P500 futures are losing 2.4% over the last 24h to 2920. MSCI World is declined 0.4%; major Asian indices lost about 1% on Wednesday. The VIX volatility index jumped from 16.1 to 19.4.

Commodities: Brent fell to $ 58.50, close to the early September lows. The downfall of the markets supported gold, which added 1.6% to $ 1,484.

Crypto: Bitcoin is losing about 2%, trading at $ 8,200. Top 10 altcoins lose 3% -6% in the last 24 hours.

Important upcoming events (GMT):

06:30 CHF [!!] Swiss Consumer Price Index 08:30 GBP [!!] U.K. Construction PMI 12:15 USD [!!!] U.S. ADP Non-Farm Employment Change 14:30 WTI [!!] U.S. Crude Oil Inventories

Detailed economic calendar