Categories: Market Overview

FxPro Daily Insight for October 28

Market overview

FX: Over the last week, the dollar developed its rebound from 3-month lows on DXY, rising to 97.5. EURUSD, GBPUSD, adjusting previous week’s decline. TRY is the leader in growth against USD, protective CHF, JPY under some pressure. Forex market volatility at lows since July.

Stocks: Futures for S&P500 traded near its all-time highs on European trading session start. MSCI World is up 0.4% since Friday. The VIX volatility index fell from 13.7 to 13.3.

Commodities: Brent declined to $ 61.4 after touching monthly highs at $ 61.7. Gold returned to an area above $ 1,500, although it failed to cling to levels above $ 1,515 on Friday.

Crypto: On Monday morning BTCUSD jumped to $9800, but gave up part of the increase, declined to 9350. The top 10 altcoins vary from + 0.4% (BTC) to + 21% (TRX).

Important upcoming events (GMT):

15:00 EUR [!!] Outgoing ECB President Draghi speaks 19:00 GBP [!!!] Parliament Vote on possible election

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.

Share
Published by
The FxPro Analyst Team

Recent Posts

EURAUD Wave Analysis 7 November 2024

- EURAUD under bearish pressure - Likely to fall to support level 1.6125 EURAUD currency…

2 hours ago

GBPUSD Wave Analysis 7 November 2024

- GBPUSD reversed from support level 1.2840 - Likely to rise to resistance level 1.3050…

2 hours ago

Bitcoin’s target is $100K, but could be $70K first

Bitcoin has reached all-time highs, hitting over $76K, with a projected rise to $100K in…

5 hours ago

Dollar roars up after election uncertainty

The dollar index rallied on the US presidential election results, picking its way up after…

6 hours ago

Gold retreat to test major trend support

Gold lost over 3% on Wednesday and now evaluating an important support line at the…

6 hours ago

New Growth Impulse for Stocks

The US stock market experienced a rally after the presidential election results, with several key…

6 hours ago

This website uses cookies