The USD Index (DXY) retreated slightly as the Japanese yen strengthened and US Treasury yields displayed mixed movement. The upcoming release of Q2 Growth Rate data, Durable Goods Orders, and Initial Jobless Claims on July 25 will be closely watched.<\/p>\n\n\n\n
Forex Space<\/strong><\/p>\n\n\n\n The Japanese yen’s continued appreciation pressured the US Dollar, pushing USD\/JPY to a two-month low near 153.00. Weak PMIs in the Eurozone dampened optimism for the region’s recovery. EUR\/USD extended losses towards the 200-day SMA at 1.0820 ahead of key US economic indicators. GBP\/USD fluctuated around 1.2900, mirroring overall risk sentiment. USD\/JPY approached a two-month low of 153.00 due to the yen’s persistent gains. AUD\/USD declined below 0.6600, touching the 200-day SMA and a six-week low.<\/p>\n\n\n\n Commodity Space<\/strong><\/p>\n\n\n\n Gold prices retreated from a three-day high near $2,430 per ounce after the dollar recovered. Silver prices reversed Tuesday’s gains, trading below $29.00 per ounce. WTI oil prices rebounded slightly, testing the $78.00 per barrel level after four consecutive declines. What Recent Housing Data Reveal About the US Economy<\/a><\/p>\n\n\n\n US Stock Market Reels Following Disappointing Earnings<\/a><\/p>\n\n\n\n DXY retreats following the PMIs<\/a><\/p>\n\n\n\n Eurozone Business activity halted on surprise German decline<\/a><\/p>\n\n\n\n
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Chinese, Australian Economic Woes Drag Australian Dollar Lower<\/a><\/p>\n\n\n\n