What you need to know on Tuesday, July 13:
Boring operations to start the week in the middle of a tight macroeconomic calendar. Major pairs balanced alongside equities, with the dollar strengthening during the European session but declining during US trading hours as Wall Street trimmed initial losses and ended the day with gains.
Government bond yields were up, further indicating a slightly better mood at the end of the day.
EUR / USD is trading around 1.1850, while GBP / USD remains a handful of pips below 1.3900. Commodity-linked currencies ended the day unchanged against their American rival.
Gold prices fell intraday but managed to regain lost ground and settled at around $ 1,805 per troy ounce. Crude oil prices fell with the WTI ending at $ 74.15 a barrel.
Investors are trying to digest the latest covid-related news. On the one hand, the number of cases in the northern hemisphere is increasing amid the spread of the delta variant, although the number of hospitalizations among those vaccinated is quite low. In the UK, Health Minister Sajid Javid confirmed that the country is on track to exceed its vaccination target and that they will move on to the next stage on the roadmap to “normalcy”.
The head of the US Federal Reserve, Jerome Powell, will testify on Wednesday and I will make some noise this week.
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