Fundamental view: This week the gold price had been climbing. This week the PMI numbers also impressed, on Monday the ISM Manufacturing PMI for July came in at 54.2 vs expectations of 53.6. Then later on in the week, ISM Non-Manufacturing PMI for the same month beat consensus estimates of 55.0 and hit 58.1. Obviously things are not [...]
On Thursday, the U.S. has provided Initial Jobless Claims and Continuing Jobless Claims reports. Initial Jobless Claims declined to 1.19 million while analysts projected that it will stay above 1.4 million. Continuing Jobless Claims fell from 17 million to 16.1 million. This is better than expected employment reports provided additional support to the U.S. dollar. [...]
The biggest pound-related news will come today is on the BOE interest rate decision. This meeting comes at a time when the number of corona virus cases in the UK has been falling. It also comes at a time when economic data from the country has been relatively strong. The house price index, mortgage data, [...]
The US on Tuesday added 1302 death from COVID 19 in 24 hrs. The world's largest economy added 53847 new cases of the virus. The US has now recorded 4,765,170 total cases with 156,668 deaths making it far the worst-hit country in the world. The US Congress seems unable to find common ground on the [...]
