Sunday, 05 December 2021 08:29 GMT

FxPro Daily Insight for September 11


(MENAFN- FxPro)

Market overview

FX : The dollar index remains in a narrow range of around 98.30 for the fifth trading session in a row. EURUSD treads around 1.1030. AUD and CNH added while JPY is declined, reflecting an increase in demand for risky assets. Overall forex market volatility declining.

Stocks : S&P 500 Futures are up 0.2% before the European trading starts. Japanese Nikkei225 grew 0.6% on Wednesday, bringing growth from the beginning of the month to 5.6%. The VIX volatility index grew from 15.2 to 15.3.

Commodities : Brent recovered to $62.3 after a 2% drop to $61.7. Gold suspended the decline, stabilizing after falling below $1,490.

Crypto : Bitcoin has been trading near $10K, declined over the past week. Top-10 altcoins lose from 0.5% to 4.5% in the last 24 hours.

Important upcoming events (GMT):
12:30 USD [!!] U.S. Producer Price Index
14:30 WTI [!!] U.S. Crude Oil Inventories

Detailed economic calendar


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