Categories: Technical analysis

FxPro Daily Insight for September 16

Market overview

FX: The dollar index lost 0.2% to 98.0 at the start of the week’s trading, but has already returned positions. EURUSD is trading near Friday’s close at 1.1065. Crude oil-related CAD, NOK, RUB lost more than half of the initial increase at the opening of trading. The pound (GBP) is fell after the jump on Friday, as no-deal Brexit chances increased again. The volatility of the foreign exchange market is within average monthly levels.

Stocks: S&P500 futures lost 0.5% after the jump in oil and weak manufacturing data from China. Asian indices are down. The VIX volatility index has grown from 14.2 to 15.0.

Commodities: Brent is trading near $ 65 (+ 9.3%), gave back about half of the 20% jump after an attack on a field in Saudi Arabia. Gold is now at $1502 after falling to $1488 on Friday.

Crypto: Bitcoin stays near $ 10,300. Top 10 altcoins vary from -1% to + 3% in the last 24 hours.

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

GBPUSD Wave Analysis 14 November 2024

- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…

7 hours ago

USDCAD Wave Analysis 14 November 2024

- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…

7 hours ago

The dollar has reached range limits

The US dollar has strengthened, reaching the upper boundary of its trading range. The British…

10 hours ago

Crypto: Tug-of-war at new altitude

Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…

10 hours ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

1 day ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

1 day ago

This website uses cookies