Categories: Market Overview

FxPro Daily Insight for October 8

Market overview

FX: The dollar mainly maintains its position at 98.61 on DXY, after rising 0.2% on Monday. NZD and ZAR are the leaders in growth to USD, adding 0.4-0.5% overnight. JPY and GBP slightly lose to USD.

Stocks: S&P500 Futures remain near Monday’s close, losing 0.4% week to date. MSCI World turned downward since the start of the European session. The VIX volatility index fell from 18 to 17.9.

Commodities: Brent is trading at $ 58.3, maintaining moderately positive dynamics since Thursday. Gold loses another 0.6% over last 24h to $ 1,493.

Crypto: Bitcoin received support on a downturn at $ 7,800 and is trading at $ 8,200 at the time of writing. Top 10 altcoins add from 3% to + 6% in the last 24 hours.

Important upcoming events (GMT):

08:30 GBP [!!] BoE Member Andy Haldane Speaks 12:15 CAD [!!] Canada Housing Starts 12:30 USD [!!] US Producer Price Index 18:30 USD [!!!] Fed Chairman Powell Speaks

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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