Categories: Market Overview

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

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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