Daily Recap: Thursday, July 23, 2020

The US Dollar continued its downward performance against major rivals, with the DXY index currently down by 0.20% for the day at 94.80. Meanwhile, gold prices are on track to break the record for its highest level on record, while oil futures remain impacted by the increase in crude inventories and the rise in COVID-19 cases. Similarly, stock markets are showing concerns about coronavirus and the rising unemployment claims in the US.

Here is a look at today’s top stories.

Forex:

• EUR/USD Unfazed by Consumer Confidence Data
• We Could Be Seeing More EUR Gains Soon
• Dollar Hits Four-Month Low
• Sterling Steady above $1.27

Cryptocurrencies:

• US Regulator Allows Cryptocurrency Banking Services
• Bitcoin Struggling and Ethereum Outperforming

Commodities:

• Oil Settles Lower by 2%
• Gold Settles near Highest Level in History
• US Natural Gas Supplies Rise 37 BCF
• Oil Prices Rising but Fears Limit Gains

Stocks:

• NYSE Ends Thursday in Red
• European Stocks Mixed at Close
• US Stocks Opens Higher
• Europe Stocks Higher But Tensions Dominate

Economic Data:

• European Consumer Confidence Declines in June
• Jobless Claims in US Increase 109,000
• British Factory Orders Fall at Slowest Pace

News:

• Trump: Many Schools Could Reopen
• Questions Marks about UK Trade Talks with EU, US
• French Minister Expects Economy to Grow 8% in 2021