Daily Recap: Monday, July 27, 2020

Gold continued its rising rally on Monday, breaking its all-time record high for the second consecutive session, amid a decline by the USD. Meanwhile, the Euro maintained its gains against the USD. As for stocks and oil prices, both rose on hopes for a new stimulus package by the US Congress.

Here is a look at the day’s top stories.

Forex:

DXY to Settle Lower by 0.8%

Euro Continues Rally on USD Woes

GBP/USD Climbs beyond mid-1.2800s

EUR/GBP Keep Modest Gains Above 0.9100

US Treasury Yields Rise on Increased Demand

Cryptocurrency:

Bitcoin Putting $10.5K Within Reach

Commodities:

Oil Futures Recovery Losses and Finish Higher

Gold Settles at New Record Level

WTI finds support near $41 pb, edges towards $42

Gold Hits Record High

Stocks:

NYSE Closes Higher on Stimulus Package

European Stocks Close Lower

US Stocks Futures Higher

Nikkei Falls to its Lowest Level in a Week and Half

European Stocks Seen Higher

Economic Data:

Dallas Fed Manufacturing Index Improves in July

US Durable Goods Orders Increase by 7.3% in June

French Jobless Total Drops in June

German IFO Business Climate Index Beats Estimates

News:

Travel Bans Will Not Continue Forever: WHO

China Reports 61 New Covid-19 Cases