The JPY is the strongest while the CAD is the weakest as the NA session begins

Jul 29, 2022
The JPY is the strongest while the CAD is the weakest as the NA session begins

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The strongest to weakest of the key currencies

The JPY is the strongest and the CAD is the weakest because the final day of the month is upon us. The main averages within the US are at 7 week highs. The Dow has its greatest since October (up 5.7%). The S&P is up round 7.6% in July. The Nasdaq is up 10.3% in July.

The Apple and Amazon had been higher than expectations. Intel missed on prime and backside line. Apple is buying and selling at $161.54 after closing at $157.39 yesterday. Amazon is buying and selling at $135.89 after closing at $122.26 yesterday. Intel is buying and selling at $35.20 after closing at $39.71 yesterday. Chevron reported and is up on the day. Procter and Gamble is decrease after their earnings. Exxon Cell is larger after stronger earnings and trades at $94.75 vs $92.64 on the shut yesterday.

Europe GDP development stunned to the upside right this moment with stronger good points of 1% in Italy and 1.1% and Spain. France additionally beat expectations with a 0.5% development charge. General euro zone GDP rose by 0.7% and 4.0% 12 months on 12 months (anticipated 0.2% and three.4% respectively)

Oil is larger on elevated demand hopes. Gold is regular after 2 robust days to the upside on a weaker greenback

In different markets

  • spot gold is buying and selling up $1.69 or 0.09% at $1757.70 after 2 robust days to the upside on the weaker greenback
  • spot silver is down $0.02 or -0.17% at $19.96 after cracking above the $20 degree as soon as once more
  • WTI crude oil is buying and selling up $2.22 and $98.64
  • The value of bitcoin is modestly decrease $23,684. That’s down from the excessive of $24,445 in a single day (highest degree since June 13).

Within the premarket for US shares, the key indices are larger and searching for the third consecutive day to the upside

  • Dow industrial common is up 52 factors after yesterdays at 332.04 rise yesterday
  • S&P index is up 22 factors after yesterdays 48.8 level rise
  • NASDAQ index is up 99 factors after yesterdays 130.17 level rise

Within the European fairness markets, the key indices are larger after the higher GDP:

  • German Dax, +1.24%
  • France’s CAC +1.68%
  • UK’s FTSE 100 +0.57%
  • Spain’s Ibex +0.82%
  • Italy FTSE MIB, up 2.25%

Within the US debt market, yields are larger after sharp declines yesterday and this week:

  • 2 12 months 2.915%, +4.9 foundation factors
  • 5 12 months 2.738%, +3.7 foundation factors
  • 10 12 months 2.707% +2.7 foundation factors
  • 30 12 months 3.052%, +2.6 foundation factors

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