Victor Camargo
21/07/2021
Forex
EURUSD: During the third week of July, the euro has been tradingbelow 1.18, close to the lows of April, as concerns over the variantdelta also grow due to the summer holiday season. Meanwhile, wait-if a change regarding the guidance on monetary stimulus during the meetingof the ECB tomorrow.
DXY: DXY was trading lower this Wednesday, around 92.76 or-0.23% approximately
Commodity
Gold: Also falling, the metal was trading close to USD 1800, with theinvestors focus on returning to equities as the swing season continues
Indexes
Wall Street: Recovering further from Monday’s slump, US indicesAmericans extended their gains in today’s session. Scholarships must continue withhigh volatility this week due to the swing season, whileinvestors try to set aside concerns about the delta variant of the coronavirus andits rapid spread. On the corporate side, Johnson &’s earnings and revenuesJohnson beat estimates, as did Coca-Cola and Verizon. On the other hand,Netflix reported lower-than-expected earnings and new subscriptions on thirdquarter disappointed.
Europe: In Europe, the main indices were up for the second day in a row,with the pan-European STOXX 600 rebounding further from Monday ‘s sell-off ,with the optimism in the economic recovery of the pandemic leading to new purchases ofenergy stocks, travel and other cyclical stocks cheap. The change in feeling camewhen the market’s focus turned to second-quarter earnings, whilemany investors expect the ECB to repeat its dovish view at tomorrow’s meeting. OSAP technology group raised its outlook for the second time this year due toaccelerated growth, while Dutch paint company Akzo Nobel unveileda 41% main profit increase in the second quarter. ASML, one of the biggestsuppliers to semiconductor companies around the world, reported a jump insecond-quarter net profit of 38% with the strong demand for computer chips.In addition, pharmaceutical Novartis increased by a fifth the main net revenue of thesecond quarter, exceeding market expectations. The DAX 30 was too high1% to close above the 15,400 level
Source:https://wintrademarkets.com/
