● The US Federal Reserve disappointed markets by showing no rush to taper. ● The US economy is expected to have added roughly 1 million jobs in July. ● EUR/USD has recovered nicely, but a course change has not been confirmed.
Indian stock markets have closed in the negative for the last two consecutive weeks. The markets will have to watch out for these five factors in the week.
KEY TALKING POINTS:
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AUSTRALIAN DOLLAR, DELTA VARIANT, CHINA, RBA - TALKING POINTS
The pullback from Saturday's top to current prices is likely to do with uncertainty around the U.S. infrastructure bill, one expert said.
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Risk appetite rebounds
Spot bullion inches down 0.2% to $1,810.71 per ounce after prices retreated from a two-week peak
EUR/USD started a decent recovery from the 1.1750 zone.
Daily currency trading guides and market forecasts: NZD/USD, AUD/USD, USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/JPY, EUR/JPY
1. USD/CNH extends recovery moves from monthly low, refreshes intraday high of late. 2. Manufacturing PMIs from NBS, Caixin mark another dismal month, PBOC hints sustained easing. 3. Chinese Government yields drop to June 2020 low.
1. Gold is trapped between resistance and key support. 2. The US dollar is creeping higher in a correction from Fed and profit-taking induced daily lows.
ETX Capital has received a new regulatory license from the South African Financial Sector Conduct Authority (FSCA), the London-based forex and CFDs broker announced on Tuesday...
A disappointing end to the week
1. Gold posted gains for the week despite Friday’s pullback. 2. FOMC Chairman Powell’s remarks and disappointing data weighed on USD. 3. Gold’s near-term technical outlook turns neutral as focus shifts to US July jobs report.
1.Improving COVID and strengthening economy encourage sterling. 2. Bank of England meeting next week brings rate hike speculation. 3. The contrast between Federal Reserve and BOE policies benefits the pound. 4. FXStreet Forecast Poll sees consolidation below 1.4000.
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Businesses from the Japanese retail exchange went down by 2.4 percent.
Securities Commission Malaysia Takes Enforcement Actions On Binance For Illegally Operating In Malaysia
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