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FxPro Daily Insight for August 16

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Market overview

FX: Dollar index rises for 4-day high due to safe-haven demand. EURUSD fell under pressure on ECB’s hints to massive stimulus, that drags USDCHF higher. GBP and other risk-sensitivities increased, along with ZAR, AUD added 0.3% this morning. The volatility in pairs with JPY has increased significantly.
 
Stocks: Futures for S&P500 are up 0.4% after rising 0.3% on Thursday. Chinese markets jumped 1.4% on stimulus news, but by the close of trading returned half the gain. The VIX index retreats after the mid-week jump.
 
Commodities: Brent is added 1% to $58.60 on Friday morning, maintaining a positive trend in this month. Gold jumped to $1,527 in the morning but quickly retreated to $1,516.
 
Crypto: Bitcoin ($ 9,850 now) has been losing 5% this morning, after an unsuccessful attempt to gain a foothold above 10,000 on Thursday. Top 10 altcoins do not lose so much.

Important upcoming events (GMT):

09:00 EUR [!] EA Trade Balance
12:30 USD [!!] US Building Permits
14:00 USD [!!] US UoM Consumer Sentiment
17:00 WTI [!!] Baker Hughes U.S. Rig Count

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Detailed economic calendar


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