The US dollar (USD) extended its progress for another day on Thursday, reaching new two -month peaks while investors continued to evaluate the latest FOMC event and the highest inflation in the US, all before the critical publication of non -agricultural payrolls on Friday.
This is what you have to observe on Friday, August 1:
The American dollar index (DXY) finally claimed the psychological barrier of 100.00 and beyond, rising for the sixth consecutive day and reaching new maximum of two months. Non-agricultural payrolls will be at the center of attention at the end of the week, seconded by the unemployment rate, the ISM manufacturing PMI, the construction expense, the Global Manufacturing PMI final S&P and the final data of the U-Mich consumer’s feeling.
The EUR/USD remained in the 1,1400 region in the midst of marginal profits, all within a wide -based bearish context. The preliminary inflation rate in the euro zone will be the most prominent event in the national calendar, along with the final impressions of the HCOB manufacturing PMI both in Germany and in the euro zone.
The GBP/USD broke down under the 1,3200 support to reach new minimum of two months, always in response to the persistent bullish impulse of the dollar. The Nationwide housing price index and the final PMI final S&P global are scheduled on the other side of the channel.
The USD/JPY added to the increase on Wednesday and exceeded the key obstacle of 150.00, climbing new four -month peaks. The next in Japan will be the unemployment rate and the final manufacturing PMI of Global S&P.
The AUD/USD could not maintain the initial bullish impulse, disinflating towards the recent minimum area in the 0.6430-0.6420 band. The prices of the producers are scheduled in Australia before the final PMI of Global S&P.
The prices of crude oil backed up from recent peaks above the 70.00 brand key per WTI barrel in response to commercial effervescence, the strongest US dollar and the increase in US inventories.
Gold prices recovered some equilibrium and registered acceptable profits around the 3,300 $ area per Troy ounce, partially fading the recent deep setback. Silver prices maintained their bearish position and fell to a minimum of three weeks near the area of 36.00 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.
