European trading session forex news Roundup – 20 July 2021
20 July, 2021
3:11 pm EEST
The market took a break following the rapid and hefty changes seen yesterday, where risk trades were dumped, and it was a quiet session in terms of news.
Things were calmer today, as European shares traversed some of yesterday’s losses, while US futures are currently showing a small rebound.
CAD leads, NZD lags on the day
European equities higher; S&P 500 futures up 0.6%
US 10-year yields up 0.3 bps to 1.184%
Gold up 0.3% to $1,817.03
WTI up 0.8% to $66.96
Bitcoin down 3.6% to $29,668
The Australian and New Zealand dollars have dropped to their lowest levels of the year, breaking crucial support, and are currently hanging in the balance, waiting for more information on risk sentiment.
The dollar is firming slightly, while cable is on the edge of breaking down, with the double-bottom from the March and April lows beginning to fracture today.
Treasury yields were also higher earlier in the day, with 10-year yields up around 1.21% but sentiment remains fragile as yields are closer to flat levels now near 1.18%.