News

Forex market news during the European trade session on July 23, 2021

  • 23 July, 2021
  • 7:48 pm EEST

Market news

The market has maintained its calmer mood in recent days, while COVID-19 concerns are gradually creeping in. For the time being, however, that is insufficient to derail the risk rally/rebound following the decline to begin the week on Monday.

European markets are rising, on track for a weekly gain, while US futures are also rising as we head into North American trade.

Ten-year Treasury rates are also near 1.30 % , which is helping to maintain risk sentiment up, raising USD/JPY from 110.25 to 110.50 levels on the day.

For the most part, the euro remained stable in a narrow trading range of 1.1760-70.

Meanwhile, the pound fell from 1.3740 to 1.3720, with UK PMI figures indicating that the recovery pace is slowing due to an increase in virus infections and supply chain delays weighing on economic activity.
For the time being, it’s all about risk mood, but the emphasis will shift to the FOMC meeting next week for more indications, so expect more tepid tones to follow next week once the market makes one last surge in before the weekend.

Markets News :

 

  • NZD leads, JPY lags on the day
  • European equities higher; S&P 500 futures up 0.4%
  • US 10-year yields up 3.1 bps to 1.298%
  • Gold down 0.6% to $1,795.33
  • WTI down 0.1% To $71.87
  • Bitcoin up 0.3% to 32,312

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