{"id":32076,"date":"2020-07-30T04:03:06","date_gmt":"2020-07-30T00:03:06","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=32076"},"modified":"2020-07-30T04:03:08","modified_gmt":"2020-07-30T00:03:08","slug":"daily-recap-wednesday-july-29-2020","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/daily-recap-wednesday-july-29-2020\/07\/30\/economic-reports\/daily-economic-reports\/","title":{"rendered":"Daily Recap: Wednesday, July 29, 2020"},"content":{"rendered":"\n<p>Today\u2019s biggest event was the conclusion of the US Federal Reserve two-day meeting, which as expected decided to maintain interest rates near 0% and vowed to maintain the historically low rates until the economy recover from the impact of the COVID-19 crisis. Meanwhile, gold continues to make history with new record high levels, building on the USD decline and the increased demand for safe havens.<\/p>\n\n\n\n<p>There is a look at today\u2019s top stories:<\/p>\n\n\n\n<p><strong>Forex:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/usd-near-two-year-low-ahead-of-fed-statement\/07\/29\/market-updates\/\">USD Near Two-Year Low Ahead of Fed Statement<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/fomc-economy-path-depends-on-covid-19\/07\/29\/economic-reports\/\">FOMC: Economy Path Depends on COVID-19<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/federal-reserve-maintains-interest-rates\/07\/29\/breaking-news\/\">Federal Reserve Maintains Interest Rates<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/us-treasury-yields-mixed-following-feds-statement\/07\/30\/market-updates\/\">US Treasury Yields Mixed Following Fed\u2019s Statement<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/aud-usd-jumps-to-test-15-month-highs\/07\/29\/market-updates\/\">AUD\/USD Jumps to Test 15-Month Highs<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/us-dollar-near-2020-lows\/07\/29\/market-updates\/\">US Dollar Near 2020 Lows<\/a><\/li><\/ul>\n\n\n\n<p><strong>Stocks:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/wall-street-settles-higher-following-feds-decision\/07\/30\/market-updates\/\">Wall Street Settles Higher Following Fed\u2019s Decision<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/european-stocks-mixed-at-wednesdays-close\/07\/29\/market-updates\/\">European Stocks Mixed at Wednesday\u2019s Close<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/asian-stocks-mixed\/07\/29\/market-updates\/\">Asian Stocks Mixed<\/a><\/li><\/ul>\n\n\n\n<p><strong>Commodities:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/oil-settle-higher-on-large-us-inventories-draw\/07\/30\/market-updates\/\">Oil Settle Higher on Large US Inventories Draw<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-prices-register-new-record-high\/07\/30\/market-updates\/\">Gold Prices Register New Record High<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/a-sharp-decline-in-us-oil-inventories\/07\/29\/market-updates\/\">Sharp Decline in US Oil Inventories<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/us-refining-seen-posting-worst-quarterly-results-in-ten-years\/07\/29\/market-updates\/\">US Refining to Post Worst Quarterly Results in 10 Years<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/oil-rises-after-surprise-drop-in-u-s-inventories\/07\/29\/market-updates\/\">Oil Rises after Surprise Drop in US Inventories<\/a><\/li><\/ul>\n\n\n\n<p><strong>Economic Data:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/us-wholesale-inventories-down-2\/07\/29\/market-updates\/\">US Wholesale Inventories Down 2%<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/us-pending-home-sales-up-16-6\/07\/29\/market-updates\/\">US Pending Home Sales Up 16.6%<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/trade-deficit-narrows-to-70-6b-in-us\/07\/29\/market-updates\/\">Trade Deficit Narrows to $70.6B in US<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/japan-gdp-to-shrink-this-year-coronavirus-cases-rise-across-the-country\/07\/29\/market-updates\/\">Japan GDP to Shrink This Year<\/a><\/li><\/ul>\n\n\n\n<p><strong>Remarks:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/powell-covid-19-surge-is-slowing-recovery\/07\/30\/market-updates\/\">Powell: COVID-19 Surge is Slowing Recovery<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/ecb-warns-banks-against-dividends\/07\/29\/market-updates\/\">ECB Warns Banks Against Dividends<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Today\u2019s biggest event was the conclusion of the US Federal Reserve two-day meeting, which as expected decided to maintain interest rates near 0% and vowed to maintain the historically low rates until the economy recover from the impact of the COVID-19 crisis. Meanwhile, gold continues to make history with new record high levels, building on &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827],"tags":[7028],"class_list":["post-32076","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","tag-daily-recap"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=32076"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32076\/revisions"}],"predecessor-version":[{"id":32077,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32076\/revisions\/32077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31658"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}