{"id":173748,"date":"2020-07-16T07:45:00","date_gmt":"2020-07-16T11:45:00","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173748"},"modified":"2020-07-16T07:45:00","modified_gmt":"2020-07-16T11:45:00","slug":"global-rally-pauses-again","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/global-rally-pauses-again\/","title":{"rendered":"Global rally pauses again"},"content":{"rendered":"
July 16, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Top daily news<\/h2>\n
Equity markets are retreating currently <\/b> ahead of European Central Bank policy meeting today with no change in policy expected after a series of stimulus measures to mitigate the crisis effects. US data are expected to yet again show over million Americans lost jobs last week while the declining trend for new unemployment benefits applications persisted.<\/div>\n<\/div>\n<\/div>\n
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Forex news<\/h2>\n
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\n\n\n\n\n\n\n
Currency Pair<\/td>\nChange<\/td>\n<\/tr>\n
EUR USD<\/td>\n+0.24%<\/td>\n<\/tr>\n
GBP USD<\/td>\n+2.12%<\/td>\n<\/tr>\n
USD JPY<\/td>\n+0.07%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The Dollar weakening has paused currently <\/b> ahead of US Labor Department report expected to show 1.25 million Americans likely sought unemployment benefits over the last week. The live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, lost 0.2% Wednesday despite a Federal Reserve report industrial production jumped by 5.4% over month in June after 1.4% gain in May. Both EUR\/USD <\/a> and GBP\/USD<\/a> continued climbing yesterday with both pairs lower currently. The European Central Bank is expected to hold interest rates and its quantitative easing program unchanged today ahead of a European Union leaders meeting to discuss the proposed 750 billion euro recovery fund. USD\/JPY<\/em> continued sliding while AUD\/USD<\/em> continued climbing yesterday with the dynamics reversed for both pairs currently.<\/div>\n<\/div>\n<\/div>\n
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Stock Market news<\/h2>\n
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\n\n\n\n\n\n\n
Indices<\/td>\nChange<\/td>\n<\/tr>\n
Dow Jones Index<\/td>\n+0.18%<\/td>\n<\/tr>\n
GB 100 Index<\/td>\n+0.17%<\/td>\n<\/tr>\n
Hang Seng Index<\/td>\n-2.31%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Futures on three main US stock indexes are down currently <\/b> after a bullish session on Wednesday. Earnings season continues with Bank of America, Morgan Stanley and Netflix reporting quarterly results today. Stock indexes in US ended higher yesterday after better than expected corporate earnings reports so far for the second quarter: the three main US stock indexes recorded gains ranging from 0.6% to 0.9%. European stock indexes are retreating <\/em> currently after a rally Wednesday led by travel shares. Asian indexes are down today <\/em> led by Shanghai Composite <\/em> after reports US is considering a sweeping travel ban on Chinese Communist Party officials, following travel restrictions by China on US lawmakers recently imposed. Markets ignored the positive report China\u2019s economy grew 3.2% in annual terms in Q2, after a 6.8% contraction in the previous quarter.<\/div>\n<\/div>\n<\/div>\n
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Commodity Market news<\/h2>\n
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\n\n\n\n\n\n
Commodities<\/td>\nChange<\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n-0.41%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n-0.62%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Brent <\/a> is edging lower today. Prices advanced Wednesday supported by the US Energy Information Administration report that US crude oil inventories fell 7.5 million barrels last week. The decision by the Organization of the Petroleum Exporting Countries and allied producers, collectively known as OPEC+, to start easing record production cuts of 9.7 million barrels per day to 7.7 million barrels per day starting in August through the end of the year didn\u2019t have much impact on prices. The US oil benchmark West Texas Intermediate (WTI) <\/em> futures gained: August WTI <\/em> added 2.3% but is down currently. September Brent <\/em> crude closed 2.2% higher at $43.79 a barrel on Wednesday.<\/div>\n<\/div>\n<\/div>\n
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Gold Market News<\/h2>\n
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Metals<\/td>\nChange<\/td>\n<\/tr>\n
Silver<\/td>\n-0.21%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Gold prices are edging lower <\/b> today. August gold rose 0.02% to $1813.80 an ounce on Wednesday.<\/div>\n<\/div>\n<\/div>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Top daily news Equity markets are retreating currently ahead of European Central Bank policy meeting today with no change in policy expected after a series of stimulus measures to mitigate the crisis effects. US data are expected to yet again show over million Americans lost jobs last week while the declining trend for […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-173748","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=173748"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173748\/revisions"}],"predecessor-version":[{"id":173750,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173748\/revisions\/173750"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=173748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=173748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=173748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}