The US dollar managed to recover some balance and register decent profits on Thursday, always in the middle of mixed results of the US economic agenda, the progress of US yields in general and the recent progress in the commercial front.
This is what you have to observe on Friday, July 25:
The American dollar index (DXY) set aside four consecutive daily setbacks and advanced modestly towards the 97.50 zone, while investors continued to evaluate the recent encouraging developments of the commercial front. A light American economic calendar will only feature the orders for lasting goods.
The EUR/USD moved around 1,1770 after the firm hand of the ECB and the humble profits in the dollar. The IFO Business Climate Index of Germany will be the protagonist, followed by the Survey of Professional Pronosticators (SPF) of the ECB and the figures of the M3 monetary offer.
The GBP/USD saw its limited weekly rebound, reviewing the limits of the 1,3500 zone after reaching new maximum of two weeks around 1,3590 in the first operations. GFK consumer confidence is scheduled, followed by car production and retail sales readings.
The USD/JPY was negotiated in positive terrain, falling briefly below the 146.00 support to bounce towards the proximity of 147.00 amid a firm performance. The Tokyo inflation rate will be published, followed by the weekly impressions of investment in foreign bonds and the final and advanced economic rates.
The Aud/USD rose beyond the milestone of 0.6600, reaching new annual maximums, although that bullish race vanished as the session came to an end. The next thing on the Australian agenda will be the publication of the inflation rate on July 30.
WTI prices bouncing four days above the 66.00 brand per barrel after the improved feeling in the commercial front, as well as the unexpected drop in US crude oil inventories.
Gold remained defensive for the second consecutive day in the midst of greater optimism around commercial developments and additional profits in US yields throughout the spectrum. Silver prices arrested their bullish impulse, going back from Wednesday’s maximum of Wednesday about 39.50 per ounce.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
