FxPro Daily Insight for July 19

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Market overview
FX: USD lost 0.5% on Thursday evening after comments of the FOMC member the rate cut; there is a slight pullback towards USD strengthening on Friday.

Stocks: Markets turned to growth on Thursday, SPX again above 3000. Asian markets are added on investors ‘hunt for yield’.

Commodities: Crude Oil adds 0.5% this morning after more than 7% drop since the start of the week. Gold retreated below $1440 after a jump to new 6-years highs at $1450.

Crypto: Bitcoin is sliding below $10500 on Friday morning after jumping by 10% overnight. Top 10 altcoins grew by 2%-8% over the past 24h.

Important upcoming events (GMT):

12:30 Ca [!!!] Retail sales
14:00 US [!!] UoM Consumer Sentiment
15:05 US [!!] FOMC’s James Bullard speaks
20:30 US [!!] FOMC’s Eric Rosengren speaks

Detailed economic calendar

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