The USD felt better after the US producer inflation surpassed forecasts and American unemployment claims fell for the third week. Gold has a chance to test higher levels, while oil is struggling with the negative news from China.
Tag - chf - swiss franc
Asian equity markets began the week indecisively as the region reflected on Friday’s US jobs release and continued tech-related losses on Wall Street.
The JPY is the strongest and the GBP is the weakest as the European afternoon session begins. Jump in for the fresh analysis!
US final GDP for 2Q -31.4%% vs -31.7% estimate
Ichimoku Kinko Hyo CHF/JPY: The pair is trading below the cloud…
The BOJ is likely to extend corporate funding aid schemes. Jump in to get the fresh analysis!
With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.
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The US Dollar consolidated gains on Friday but was set for its biggest weekly rise in two and a half months.
European stock markets are seen opening mixed Tuesday, with investors having to sift through the conflicting impulses of strong Chinese export data and a setback in the progress towards a Covid-19 vaccine.
GBP/USD is trading above the key pivot point level. Further bullish momentum will trigger the market to the resistance area of 1.3045.
The rout in tech stocks in the US over the last day has been a stiff test of nerve for European markets but one to which they appear to be equal, at least for now.