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FxPro Daily Insight for July 22

forex

Market overview
FX: the USD gained on expectations that the Fed will refrain from 50 b. p. a rate cut in July.

Stocks: Major indices got hit on Friday but somewhat stabilized at the start of trading on Monday.

Commodities: Brent adds to the rising tensions in the Persian Gulf. Gold rolled back from 6-year highs, stabilizing at $1425.

Crypto: Bitcoin has steadied around $10500. The top 10 altcoins have been trading virtually unchanged over the last 24h.

Important upcoming events (GMT):
15:00 JP [!!!] BOJ Governor Haruhiko Kuroda Speaks
22:30 AU [!!] RBA’s Christopher Kent Speaks

Detailed economic calendar

Source: FxPro


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