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Demand for safe havens continues to shape the market, while the stock market remains largely dependent on earnings reports. Gold prices continued to make new historic high levels, while oil prices rose to their highest level in five months. This has provided support for commodity currencies such as the Canadian and Australian Dollars, while the Euro and the Swiss Franc also showed a strong performance today. Here is a look at the day’s top stories.
Forex:
- CAD Continues to Show Strength against USD
- EUR/GBP Clings to Modest Gains
- USD/CAD Slides to Over Five-Month Lows
Commodities:
- Oil Settles at Highest Level in Five Months
- Gold Rally Continues Near $2,050 per Ounce
- US Oil Inventories Down 7.4 M Barrels in Week
- Crude Oil Futures Rise During Asian Session
- Gold Futures Fall During Asian Session
Stocks:
- European Stocks Rise Collectively
- European Shares Higher on Strong Earnings Reports
- Wall Street Settles Higher on Positive Reports
Economic Data:
- IHS Markit: US Services PMI Records 50 in July
- US Sectors Show Mixed Performance in July
- Canada: Trade Deficit Expands in June
- US Trade Deficit Narrows to $50.7 B
- US Private Sector Adds 167,000 Jobs in July
- Eurozone Retail Sales Jump 1.3% YoY in June
- Business Activity in Eurozone Witnessing Modest Recovery
- UK Businesses Grow at Fastest Pace in Five Years
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