FOREXFEED

FxPro Daily Insight for December 2

December 02, 2019 at 02:14PM

Market overview

FX: The dollar retreats after a failed growth attempt on Friday. DXY dropped from 98.5 to 98.14. EURUSD support increases after the drop below 1.1000 last week to 1.1030 now. GBPUSD recovered to 1.2930 after decline to 1.2900 in the opening after poll showed tighter race between Conservative and Labor parties.

Stocks: Futures for S&P500 declined are losing by the start of trading in the US, despite updating highs within the day. EuroStoxx 50 loses 1.1% on concern around progress in trade negotiations. MSCI World has almost unchanged from the start of the day. The VIX volatility index jumped from 11.75 to 12.9.

Commodities: Brent recovered 2% to 61.50 after a 5% decline at the end of trading on Friday. Gold trades near 1460, slightly up from monthly lows.

Crypto: Bitcoin is at $7200 after the jump to $ 7800 this weekend. The top 10 altcoins range from -4.3% (XLM) to -1.0% (XMR).

Important upcoming events (GMT):

15:00 USD [***] ISM Manufacturing PMI
03:30 AUD [***] RBA Interest Rate Decision

Detailed economic calendar

Continue Reading…

From: The FxPro Analyst Team https://fxpro.news/daily-economic-events/fxpro-daily-insight-for-december-2-20191202/
Selected by fonecable.com

euro Search Web: FxPro Daily Insight for December 2

Recent Posts

Top Posts & Pages

Advertisements