The dollar showed signs of life and registered a significant rebound on Wednesday, leaving behind the minimum area of several years in front of its peers, despite continuing under pressure before the publication of crucial data of the US labor market on Thursday and in the midst of constant concerns in the commercial front.
This is what you have to observe on Thursday, July 3:
The US dollar index (DXY) reaped the area above the threshold of 97.00, helped by an environment of benefits in the risk complex and the increase in US yields throughout the curve. The publication of non -agricultural payroll will be the center of attention, seconded by the unemployment rate, factory orders, the PMI of final S&P Services Global, results of the commercial balance, initial weekly applications of unemployment subsidy, factory orders and the ISM services PMI.
The EUR/USD faced a new sales pressure and backed down the 1,1800 support. The HCOB final services PMI both in Germany and in the Eurozone will be published together with the ECB accounts.
The GBP/USD collapsed at least several days in the area below 1,3600 due to the growing concerns around the political scene of the United Kingdom. The Global S&P final S&P services will follow the BOE DMP survey and the credit conditions survey.
The USD/JPY left two consecutive daily falls behind and advanced to the area beyond 144.00, briefly flirting with its intermediate SMA of 555 days. The usual weekly impressions of foreign investment in bonds are scheduled.
The aud/USD was pressed after Tuesday’s annual maximums near the 0.6600 barrier, modestly retreating to the 0.6540 area on Wednesday. The following on the agenda in Australia will be the PMI of final S&P services before the commercial balance results.
The WTI prices added to the profits on Tuesday and rose beyond the $ 66.00 brand per barrel despite an increase in expected in the inventories of US crude oil, as reported by EIA.
The gold rose modestly, although its profits remained limited by the 3,350 $ area per Troy ounce. Silver prices advanced significantly above the 3,00 $ per ounce, maintaining weekly erratic performance in place.
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.
