Categories: Market Overview

FxPro Daily Insight for September 2

Market overview FX: The dollar index is unchanged at the beginning of the week at 98.80 after strengthening by 0.4% on Friday, updating the highs from 2017. EURUSD slid below 1.10. GBPUSD fell to 1.2170. At the same time, market volatility slightly decreased.

Stocks: S&P 500 futures opened the week with a 0.9% fall, but have already recaptured about half of the initial failure. MSCI Asia Pacific is losing 0.25%. The VIX volatility index has grown from 17.90 to 18.98.

Commodities: Brent is adding 0.2% to 58.98 after failing at 2.6% on Friday. Gold rolled back to $1523 amid rising dollar.

Crypto: Bitcoin is making growth attempts at $ 9,750, finding the bottom at 9,300 on Thursday and Friday. Top 10 altcoins vary in the range from -2.7% to + 4% over the past 24 hours.

Important upcoming events (GMT):

08:00 EUR [ !!] Euro area Manufacturing PMI 08:30 GBP [!!!] U.K. Manufacturing PMI All day U.S. Labor Day 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

Video: Dollar and Indices are trying to find footing after the fall

The dollar experienced a sell-off but rallied back up by the end of the week.…

2 days ago

What is next: BoJ, Fed, SNB & BoE Rates

The new week will be packed with economic data and decisions from key central banks.…

2 days ago

Dollar attempts to rebound after oversold conditions

Despite economic factors working against the dollar, its oversold condition helped it this week or…

2 days ago

USDCAD Wave Analysis – 14 March 2025

USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…

2 days ago

Solana Wave Analysis – 14 March 2025

Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…

2 days ago

Adobe Wave Analysis – 13 March 2025

Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…

3 days ago

This website uses cookies