{"id":173918,"date":"2020-07-20T10:35:28","date_gmt":"2020-07-20T14:35:28","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173918"},"modified":"2020-07-20T10:04:27","modified_gmt":"2020-07-20T14:04:27","slug":"the-eu-summit-is-in-the-spotlight-the-central-bank-of-china-has-kept-its-key-interest-rate-unchanged","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/the-eu-summit-is-in-the-spotlight-the-central-bank-of-china-has-kept-its-key-interest-rate-unchanged\/","title":{"rendered":"The EU Summit Is in the Spotlight. The Central Bank of China Has Kept its Key Interest Rate Unchanged."},"content":{"rendered":"
July 20, 2020<\/div>
\r\n<\/div><\/div>

by JustForex<\/a><\/strong><\/p>\n

The US dollar is losing ground against its main competitors. On Friday, the US dollar index (#DX) has updated local lows and closed in the negative zone (-0.45%). Investors are still concerned about an increase in the number of people infected with COVID-19. Last week, the United States reported a new anti-record. At the moment, the number of people infected with coronavirus worldwide has reached 14.5 million.<\/p>\n

The EU summit in Brussels, where the leaders of the countries discuss the bloc’s budget for 2021-2027 and an anti-crisis economic recovery plan, is in the spotlight. In June, Japan’s exports fell by 26.2% (y\/y). The central bank of China left its key rate unchanged at 3.85% for the third month in a row.<\/p>\n

The “black gold” prices have been declining. At the moment, futures for the WTI crude oil are testing the $40.40 mark per barrel.<\/p>\n

Market indicators<\/h2>\n

On Friday, there was a variety of trends on the US stock market: #SPY (+0.29%), #DIA (-0.27%), #QQQ (+0.12%).<\/p>\n

The 10-year US government bonds yield is consolidating. At the moment, the indicator is at the level of 0.61-0.62%.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n
The news feed for 2020.07.20:<\/div>\n