Categories: Market Overview

FxPro Daily Insight for September 23

Market overview

FX: The dollar index rose to 98.4 on Monday due to the strengthening against the euro. EURUSD fell back below 1.1000 on the weak eurozone PMIs; safe-heavens, JPY and CHF, are up for the third trading session; commodity-linked NOK, ZAR and CAD lost more than 0.4% to USD this morning. NZDUSD is trying to catch on 0.6250. The volatility of the foreign exchange market increased at the beginning of the week.

Stocks: S&P500 Futures lost 0.9% to 2983 since Friday morning. MSCI world fell to 0.25% since the beginning of the day. Nikkei225 reversed sharply to decline, down 0.9% this week. The VIX volatility index grew from 13.9 to 15.3.

Commodities: Brent rose to $ 64.0 following the Middle East rising tensions. Gold is in higher demand on such news, reaching $1,520.

Crypto: Bitcoin dropped to $9900. Top 10 altcoins vary from -3% to + 2% in the last 24 hours.

Important upcoming events (GMT): 13:00 EUR [!!!] ECB President Mario Draghi Speaks 13:45 USD [!! ] Manufacturing PMI 13:50 USD [!! ] FOMC Member John C. Williams Speaks 17:00 USD [!! ] FOMC Member James Bullard 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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