A survey showed that British companies in the services and manufacturing sectors grew at the fastest pace in more than 5 years last month, with the start to recover from the effects of Covid-19 on the economy. The IHS Markit / CIPS final composite Purchasing Managers’ Index (PMI) rose to …

The USD / CAD weakened further and fell below 1.3300 to the lowest level since February 26 during the European session today. The pair saw some subsequent sell-off during the first half of trading on Wednesday and broke below the monthly support levels in June near the 1.3315 area, and …

European stocks rose on Wednesday, influenced by positive earnings reports and massive amounts of stimulus across the financial system, all of which overshadowed concerns over the increasing numbers of Corona cases in Europe and the United States. The pan-European STOXX 600 index (STOXX) rose 0.7%, with the oil & gas …

Crude oil futures rose during the Asian session on Wednesday. According to the New York Mercantile Exchange, crude oil futures were traded for September at $41.69 a barrel, up 0.02%. It was previously traded at a session high of $41.73 a barrel. Crude oil may find support at $38.72 and …

According to the COMEX, gold futures were traded for October at $2017.60 an ounce down 0.45%. It was previously traded at $2015.50 an ounce, lower session. Gold may find support at $1941.70 and resistance at $2036.00. The dollar index contracts, which measure the performance of the greenback versus a basket …

FX option expiries for Aug 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1650 1.8bn1.1725 769m1.1750 827m – USD/JPY: USD amounts          105.75 401m106.00 521m106.07 444m – USD/CAD: USD amounts         1.3330 1.4bn1.3450 738m

GBP / USD was marginally moving throughout the Asian session near 1.3080 and rose during European trading, but lost its strength after touching 1.3100 and came under intense downward pressure to reach 1.3023, recording losses of 0.37% during the day. Concerns about the second wave of Covid 19 and the …

U.S. President Trump said Covid 19’s outbreak is under control. At least 155,000 people have died in the United States amid an incomplete response to the public health crisis. The American President continues to press for the reopening of American schools. “They are dying, that’s true,” he said. “It is …

US equity markets should open lower on Tuesday after strong gains on Monday led by Nasdaq, which hit another record close. Dow Jones futures fell 44 points, or 0.2%, while the S&P 500 Index fell 0.3% and the Nasdaq 0.3%. Apple shares hit an all-time high on Monday, just a …

After briefly testing daily highs in the 125.00 area, EUR / JPY triggered a downward correction to the current 124.80 area to maintain modest gains so far. EUR / JPY reversed the weekly negative start and gained almost a full cent from Monday’s lows in the 124.00 area. Sentiment around …