The US dollar joined the rebound on Wednesday and rose to new maximums of several days, driven by the firmer figures of the US non -agricultural payrolls in June, reinforcing the vision of an extremely resistant US labor market and motivating market participants to begin to readjust the possible feats of fees by the Fed in the coming months.
This is what you have to observe on Friday, July 4:
The American dollar index (DXY) advanced to weekly maximums about 97.40 in the middle of an equally strong rebound in US yields in different time frames. The US markets will be closed on July 4 due to the holiday of Independence Day.
The EUR/USD extended its rejection of the annual maximums above the 1,1800 barrier, approaching the 1,1700 support. The factory orders in Germany will be published in a row by the PMI for the construction of HCob in Germany and in the euro zone, as well as the production prices in the block. In addition, Lagarde and Elderson of the ECB are expected to speak.
The GBP/USD managed to reverse Wednesday’s strong fall, recovering the hobbies of 1,3600 and beyond despite the persistent restlessness around the fiscal situation of the United Kingdom. The Global S&P construction PMI will be published together with the sales data of new cars.
The USD/JPY significantly rose to maximum of several days, briefly achieving the key level of 145.00. Household expenses figures will be at the Center for Care in the Japanese calendar.
The Aud/USD faded after three consecutive daily rebounds, maintaining its consolidation state at the upper end of the range near the 0.6600 region. The next highlight in Australia will be the decision on interest rates of the RBA on July 8.
The prices of the American WTI registered modest losses around $ 67,00 per barrel, giving part of their earnings recorded in recent days.
Gold prices faced a new sales pressure and backed away the neighborhood of the 300 $ Troy brand after another positive day for the dollar and an additional advance in US yields throughout the spectrum. Silver prices joined Wednesday’s rebound, rising to two -week maximums above the 37.00 $ 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.
