FxPro Daily Insight for February 6


Market overview

Stock markets are boosting amid robust US macro data and positive news about the spread of coronavirus. Brent crude turned down the last hours after a rebound on Wednesday. Gold rose to $ 1563, gaining support after the drop below $1550. RUB and ZAR are in a correction on Thursday afternoon after an impressive growth earlier this week. EURUSD suspended the decline at 1.1000. GBPUSD slid below 1.3000. USDCAD rally from 1.300 to 1.3200 over the past three weeks has caused the FxPro traders to divide 4.15% to 95.85% in favour of Sell. For AUDUSD, we see the mirrored situation, despite the growth of the pair this week.

Important events (GMT):
13:30 US !! Jobless Claims
14:15 US !! FOMC Member Robert Kaplan Speaks
22:30 AU !!! RBA Governor Philip Lowe Speaks
00:30 AU !!! RBA Monetary Policy Statement
Cn !! Trade Balance

This Review is presented by FxPro.

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