Categories: Market Overview

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

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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