Categories: Market Overview

FxPro Daily Insight for October 31

Market overview

FX: The dollar lost 0.4% after the Fed’s rate decision to 97.1 on DXY. GBPUSD is up 0.4% since the start of the day, EURUSD is up 0.1% to 1.1165. Forex market volatility has grown, and the number of open positions for the sale of the pound in FxPro grew.

Stocks: Futures for S&P500 updated historic highs to 3,059 (+ 0.56% over last 24h). MSCI World added 0.4%. The VIX volatility index fell from 13.2 to 12.2.

Commodities: Brent lost $0.4 per day, trading at $ 60.6. The weakness of the dollar helped gold rise to $ 1,500.

Crypto: Bitcoin loses 1% to $ 9100. The top 10 altcoins range from -4.7% (BSV) to -0.9% (BNB).

Important upcoming events (GMT):

10:00 EUR [!!!] EA Consumer Price Index 12:30 CAD [!!!] Canada Gross Domestic Product 12:30 USD [!!] US Personal Income / Outlays

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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