7 Aug 2013
Session Recap: EUR/USD held near 1.3300, GBP in focus ahead of BoE
FXstreet.com (New York) - The US session was rather muted yesterday in the absence of high-profile economic data from the North American economies. Ahead of the BoE later today, the GBP was one of the more active currencies – in particular the GBP/USD made a run towards 1.5400, falling just short. In other news the USD/JPY incurred a fall below the 98.00 support ahead of the BoJ later this week, opening up fresh losses into Asian trading.
In terms of equities, the US stock market closed in the red again for second straight day, as the Dow Jones and S&P 500 both closed at -0.60% and -0.57% respectively. Commodities were particularly hard hit, with gold breaching the 1300.00 support.
With Tuesday in the rear-view mirror, the marquee event of Wednesday now turns to the BoE, which is slated to release its quarterly inflation report and Mark Carneys first address to parliament.
Main headlines from US session
Gold cannot recover from tumble below 1300.00, silver trading near lows
EUR/USD ascension held by resistance
US Dollar Index consolidates below 82.00
UK: NIESR GDP Estimate at +0.7% in July
What to expect from BoE tomorrow – UBS
In terms of equities, the US stock market closed in the red again for second straight day, as the Dow Jones and S&P 500 both closed at -0.60% and -0.57% respectively. Commodities were particularly hard hit, with gold breaching the 1300.00 support.
With Tuesday in the rear-view mirror, the marquee event of Wednesday now turns to the BoE, which is slated to release its quarterly inflation report and Mark Carneys first address to parliament.
Main headlines from US session
Gold cannot recover from tumble below 1300.00, silver trading near lows
EUR/USD ascension held by resistance
US Dollar Index consolidates below 82.00
UK: NIESR GDP Estimate at +0.7% in July
What to expect from BoE tomorrow – UBS