Categories: Market Overview

FxPro Daily Insight for October 7

Market overview

FX: The dollar is recovering after a slight decline on Friday. NZD is the only major that adds to USD this morning. TRY, PLN, NOK lose to USD.

Stocks: S&P500 futures opened lower in the morning, shedding 0.4% after rising 1.4% on Friday. MSCI World is almost unchanged since the beginning of the day; Hang Seng declined 1.2% since the start of the day. The VIX volatility index fell from 19.6 to 18.0.

Commodities: Brent is trading at $ 58.1, maintaining positive momentum since Thursday. Gold loses 0.4% to $ 1,504.

Crypto: Bitcoin develops a decline to $ 7,850. Top 10 altcoins vary from -1.5% to + 5% in the last 24 hours.

Important upcoming events (GMT):

08:30 EUR [!!] Euro area Sentix Investor Confidence 17:00 USD [!!!] Federal Reserve Chairman Powell Speaks 01:45 CNH [!!] China Markit Services PMI 04:10 GBP [!!!] BOE Governor Mark Carney Speaks

Detailed economic calendar

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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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