{"id":173997,"date":"2020-07-23T08:20:43","date_gmt":"2020-07-23T12:20:43","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173997"},"modified":"2020-07-23T08:02:28","modified_gmt":"2020-07-23T12:02:28","slug":"rally-pauses-as-trump-says-other-consulate-closures-possible","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/rally-pauses-as-trump-says-other-consulate-closures-possible\/","title":{"rendered":"Rally pauses as Trump says other consulate closures possible"},"content":{"rendered":"
July 23, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Top daily news<\/h2>\n
Equity markets are mixed currently <\/b> after flareup in US-China tensions following US order that China close its consulate in Houston in 72 hours. Beijing called the demand a \u201cpolitical provocation\u201d and vowed \u201cChina will undertake legitimate and necessary responses.\u201d President Trump later said other consulate closures were \u201calways possible.\u201d<\/div>\n<\/div>\n<\/div>\n
\n

Forex news<\/h2>\n
\n
\n\n\n\n\n\n\n
Currency Pair<\/td>\nChange<\/td>\n<\/tr>\n
EUR USD<\/td>\n+0.07%<\/td>\n<\/tr>\n
GBP USD<\/td>\n+2.28%<\/td>\n<\/tr>\n
USD JPY<\/td>\n+0.02%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The Dollar weakening persists currently <\/b> ahead of US Labor Department report expected to show 1.3 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 0.1% Wednesday despite a report existing home sales jumped 20.7% in June. Both EUR\/USD <\/a> and GBP\/USD<\/a> continued climbing yesterday with both pairs higher currently. USD\/JPY<\/em> joined AUD\/USD\u2019s<\/em> continued climbing yesterday with both yen and Australian dollar higher against the greenback currently despite Australia\u2019s projections of record budget deficit.<\/div>\n<\/div>\n<\/div>\n
\n

Stock Market news<\/h2>\n
\n
\n\n\n\n\n\n\n
Indices<\/td>\nChange<\/td>\n<\/tr>\n
Dow Jones Index<\/td>\n+0.02%<\/td>\n<\/tr>\n
GB 100 Index<\/td>\n+0.19%<\/td>\n<\/tr>\n
Nikkei Index<\/td>\n-0.14%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Futures on three main US stock indexes are rising currently <\/b> after a bullish session on Wednesday. Earnings season continues with Intel, AT&T and Blackstone reporting quarterly results today. Stock indexes in US ended higher after better than expected corporate earnings reports: of the 58 companies that have reported results so far, 77.6% have reported results above expectations, compared with the average of 65% who reported above consensus estimates in prior quarters. The three main US stock indexes recorded gains ranging from 0.2% to 0.6%. European stock indexes are rebounding <\/em> currently after a pullback Wednesday. Asian indexes are mixed today <\/em> after reports China may retaliate to US instruction to close the consulate in Houston by demanding to close US consulate in Wuhan.<\/div>\n<\/div>\n<\/div>\n
\n

Commodity Market news<\/h2>\n
\n
\n\n\n\n\n\n
Commodities<\/td>\nChange<\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n+0.81%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n+0.36%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Brent <\/a> is rebounding today. Prices slipped Wednesday after the US Energy Information Administration report that US crude oil inventories rose unexpectedly by 4.9 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 is seen as a downside risk by traders against the background of rising US domestic crude stocks. The US oil benchmark West Texas Intermediate (WTI) <\/em> futures retreated: September WTI <\/em> edged lower 0.05% but is higher currently. September Brent <\/em> crude closed 0.07% lower at $41.14 a barrel on Wednesday.<\/div>\n<\/div>\n<\/div>\n
\n

Gold Market News<\/h2>\n
\n
\n\n\n\n\n
Metals<\/td>\nChange<\/td>\n<\/tr>\n
Gold<\/td>\n+0.13%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Gold prices are extending gains <\/b> today. August gold jumped 1.2% to $1865.10 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 mixed currently after flareup in US-China tensions following US order that China close its consulate in Houston in 72 hours. Beijing called the demand a \u201cpolitical provocation\u201d and vowed \u201cChina will undertake legitimate and necessary responses.\u201d President Trump later said other consulate closures were \u201calways possible.\u201d Forex […]<\/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-173997","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173997","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=173997"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173997\/revisions"}],"predecessor-version":[{"id":174001,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173997\/revisions\/174001"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=173997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=173997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=173997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}