Categories: Market Overview

FxPro Daily Insight for September 12

Market overview FX: The dollar index added 0.3% to 98.60, despite Trump’s comments to lower the rate. EURUSD returned to 1.1000 after falling from 1.1050 to 1.0980 yesterday. AUD and NZD are the leaders in growth, developing a rebound, while JPY remains under pressure, reflecting an increase in demand for risky assets. Foreign exchange market volatility is declining.

Stocks: S&P 500 futures are up 0.2% since the start of the day after the 0.7% growth on Wednesday. Japanese Nikkei225 rallies 9th day in a row, added 6.6% this month. The VIX volatility index fell from 15.3 to 14.6.

Commodities: Brent fell to $ 60.4, developing a pullback from monthly highs above $ 63.2. Gold has returned to an area above $ 1,500.

Crypto: Bitcoin is trading near $ 10K. Top 10 altcoins vary from -7% to 2% in the last 24 hours.

Important upcoming events (GMT):

11:45 EUR [!!!] ECB Interest Rate Decision 12:30 EUR [!!!] ECB Press Conference 12:30 USD [!!!] U.S. Consumer Price Index

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

Dollar: Slowing Momentum, Same Direction

The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…

4 hours ago

Bitcoin Fell Back to Local Support

Bitcoin finds support near the 50-day moving average, but further declines in the stock market…

5 hours ago

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

3 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

3 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

3 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

3 days ago

This website uses cookies