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23/07/2021 Friday

AUDUSD Day’s range : 0.73422 – 0.73974


Risk appetite continues to be relentless as investors have an optimistic view despite rising COVID-19 cases around the world. AUDUSD touched an overnight high of 0.7397 but is unable to break through key figures.


U.S. weekly jobless claims increased to a two-month high last week, suggesting that the labor market was still far from full employment due to the spread of the Delta variant.  The initial claims for state unemployment benefits increased 51,000 to a seasonally adjusted 419,000 for the week ended July 17, the highest level since mid of May. However, the weekly jobless claims report also showed more people are returning to work, showing a trend that bodes well for July’s employment report.


The European Central Bank (ECB) confirmed that they will keep their policy unchanged, however, the statement and comments from President Lagarde were very dovish. ECB’s decision did not inspire any break moves for EURUSD. EURUSD was initially trading above 1.1830 but slipped below 1.1760.


The Wall Street stocks climbed yesterday, extending gains for a third consecutive days as investors concentrated on the positive earning results from corporate in America. The blue-chip S&P500 index jumped 0.2% and the Nasdaq composite rose 0.4%.



  • AU June Goods Trade Balance : 13.27Bio v. 13.32Bio prev.   
  • AU NAB Quarterly Business Confidence : 17 v. 19 revised prev.
  • EU ECB Monetary Policy Meeting & Statement : 0.00% v. 0.00% exp.
  • US Weekly Unemployment Claims : 419K v. 350K exp.
  • EU July Consumer Confidence : -4 v. -3 exp.


Major moves in the market:


  • S&P 500 futures were up 0.2% as of 8:52 a.m. in Sydney. The S&P 500 rose 0.2%
  • Nasdaq 100 futures climbed 0.3%. The Nasdaq 100 rose 0.7%
  • S&P/ASX 200 futures slipped 0.2%
  • Hang Seng futures fell 0.2%


  • The Bloomberg Dollar Spot Index was little changed
  • The euro was at $1.1773
  • The Japanese yen was at 110.15 per dollar
  • The offshore yuan traded at 6.4748 per dollar


  • The yield on 10-year Treasuries declined one basis point to 1.28%


  • West Texas Intermediate crude slipped 0.3% to $71.72 a barrel
  • Gold was at $1,807.43 an ounce


Upcoming data:

  • AU July Flash Manufacturing & Services PMI : 58.6 & 56.8 prev.
  • UK June Retail Sales : -0.2% exp.
  • EU July German Flash Manufacturing & Services PMI : 64.2 & 59.4 exp.
  • EU July Flash Manufacturing & Services PMI : 62.6 & 59.4 exp.
  • UK July Flash Manufacturing & Services PMI : 62.3 & 62.1 exp.
  • CA May Core Retail Sales & H/line Retail Sales : -1.6% & -3.0% exp.
  • US July Flash Manufacturing & Services PMI : 62.0 & 64.6 exp.



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