Table of Contents

You may also like:

The U.S Dollar Slide Continues on a Busy Day of Stats and Updates from Capitol Hill

For the EUR

It’s another busy day ahead on the economic calendar. Key stats include 2nd quarter GDP numbers from France, Spain, and the Eurozone that are scheduled for release. June’s consumer spending and retail sales figures for France and Germany will also draw attention.

Prelim June inflation figures for France, Italy, and the Eurozone, also due out but will likely have a muted impact.

Away from the economic calendar, the Dollar could crumble further should lawmakers fail to pass the stimulus package. An alternative would be an agreement to extend the current enhanced federal unemployment insurance policy.

At the time of writing, the EUR was up by 0.30% to $1.1882.

For the Pound

It’s yet another particularly quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.

A lack of stats will continue to leave the Pound in the hands of Brexit and the Dollar. The recent lack of economic data from the UK has allowed Dollar weakness to support a move back through to $1.31 levels.

At the time of writing, the Pound was up by 0.26% to $1.3130.

For the USD

It’s a busy day ahead for the U.S Dollar. June’s personal spending and inflation figures are key stats due out later today. Finalized consumer sentiment figures for July are also due out. Barring any material downward revision, however, it will likely be brushed aside.

Away from the calendar, the focus on the day will be on Capitol Hill. A failure by lawmakers to pass the stimulus package or to extend the current unemployment benefit would weigh.

We can also expect plenty of Trump tweets as COVID-19 numbers continue to rise across the U.S.

https://www.fxempire.com/news/article/the-u-s-dollar-slide-continues-on-a-busy-day-of-stats-and-updates-from-capitol-hill-664149



According to Trading Central (3rd party RIA) the USDJPY short positions below 108.15 with targets at 102.40 & 101.15 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10846276

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 102.40
1€ 2,803.48€ 1,401.74€ 1,458.00
5€ 14,017.38€ 7,008.69€ 7,290.00
10€ 28,034.76€ 14,017.38€ 14,580.00
25€ 70,086.91€ 35,043.45€ 36,450.00
50€ 140,173.82€ 70,086.91€ 72,900.00

According to Trading Central (3rd party RIA) the USDCHF short positions below 0.9355 with targets at 0.9040 & 0.8940 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10843643

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 0.9000
1€ 2,803.48€ 1,401.74€ 648.69
5€ 14,017.38€ 7,008.69€ 3,243.45
10€ 28,034.76€ 14,017.38€ 6,486.90
25€ 70,086.91€ 35,043.45€ 16,217.25
50€ 140,173.82€ 70,086.91€ 32,434.50

Gold Futures: Still room for further upside

Open interest and volume in Gold futures markets shrunk by around 11.7K contracts and by nearly 114.5K contracts, respectively, on Thursday, according to preliminary readings from CME Group.

Gold remains focused on the $2,000 level

Thursday’s negative price action in the precious metal was accompanied by shrinking open interest and volume, hinting at the probability that deeper/lasting pullbacks look marginal at least in the very near-term. With that in mind, Gold is still targeting a move to the psychological $2,000 mark per once in the sort-term horizon.

https://www.fxstreet.com/news/gold-futures-still-room-for-further-upside-202007310545

According to Trading Central (3rd party RIA) the GOLD is long positions above 1900 with targets at 2000 & 2040 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10844759

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 2000
0.5€ 4,149.83€ 2,074.92€ 1,178.45
1€ 8,299.66€ 4,149.83€ 2,356.90
5€ 41,498.32€ 20,749.16€ 11,784.51
10€ 82,996.63€ 41,498.32€ 23,569.02
20€ 165,993.27€ 82,996.63€ 47,138.05