What you need to know about Thursday, July 18th
Publish Date : 2019/07/18 - 07:11

What you need to know about Thursday, July 18th:

Currencies:

US dollar extended losses against main competitors in Asia as Treasury yields slid further on trade disputes, earnings results and probable Fed rate cut.

Aussie outperformed on upbeat Australian headline jobs data.

USD/JPY slipped in tandem with Asian equities.

New Zealand Kiwi continued to trade firmer so far this week.


Politics:

US-China trade weighed alongside escalating South Korea-Japan trade dispute.

The Cable consolidated the recovery below 1.2450 amid Hard Brexit fears, ahead of key UK Retail Sales, House of Commons vote on an amendment that limits PM from dissolving the Parliament until October 31.


Commodities:

Oil prices steadied after the drop on US crude stocks.

Gold clung to gains near 1425 levels.

Silver rallied to five-month highs above 16.10.

Cryptocurrencies stalled recent recovery.

Bitcoin stayed below 10k.


Source: fxstreet.com

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