FxPro Daily Insight for October 23

Market overview

FX: The dollar developed its rebound from the 3-month lows on DXY to 97.2. EURUSD and GBPUSD are down for the third day, retreating from many-month highs, almost balancing the buy and sell positions of FxPro clients. TRY is the leader in growth against USD on monetary policy tightening by the Bank of Turkey.

Stocks: S&P500 futures fell Tuesday evening on the frustration of Brexit’s new delays. MSCI World is down 0.2% per day. The VIX volatility index rose from 14.1 to 14.7.

Commodities: Brent grew by 1% to $ 59.2 over last 24h. Gold during the same time added $ 5 to $1,493, gaining momentum amid stock market decline.

Crypto: Bitcoin has again returned to levels below 8000. The top 10 altcoins vary from -5% (BCH) to -2% (EOS).

Important upcoming events (GMT):

14:00 EUR [!!] Euro area Consumer Confidence 14:30 WTI [!!] US Crude Oil Inventories

Detailed economic calendar