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FxPro Daily Insight for August 14

 

1566394970

Market overview

FX: The greenback rose after tariff delay to China import, as it reduced the chances of Fed rate cuts. USDJPY, USDCHF at the moment jumped 1.5% on the wave of withdrawal from safe assets, but already on Wednesday morning, protective currencies again added. The sharp movements of the foreign exchange market caused a jump in the volatility index.

Stocks: The S&P500 jumped nearly 2% within an hour after the announcement of the tariffs delay, but the momentum quickly ran out. Market growth has led to a decrease in volatility.

Commodities: Brent fell in the morning to $ 60.40 after jumping 5% to $ 61.20 last night. Gold retreated below levels below $1,500 after touching $1,535.

Crypto: Bitcoin dropped to $ 10,500; Top 10 altcoins lose up to 7%

Important upcoming events (GMT):
08:30 GBP [!!!] UK Consumer Price Index
09:00 EUR [ !!] Euro area Gross Domestic Product
14:30 WTI [ !!] US Crude Oil Inventories

Detailed economic calendar


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