Market Summary: Stocks, Bonds, Commodities

$BNB #Market Review: Forex

The US dollar index gained 0.21 points to 97.42, ending a four-session decline.

The EUR/USD fell by 12 pips to 1.1758. As expected, the European Central Bank decided to keep its interest rates unchanged.

The USD/JPY rose by 40 pips to 146.89.

The GBP/USD pair declined by 73 pips to 1.3507, and the AUD/USD fell by 12 pips to 0.6589.

The USD/CHF climbed by 23 pips to 0.7944.

The USD/CAD increased by 49 pips to 1.3643. Retail sales in Canada rose by 1.6% month-over-month in June (compared to -0.3% expected).

Bitcoin continued to show a lack of momentum, slightly falling to $118,500.

#Morning Trading

During Asian trading hours, the USD/JPY bounced back to 147.45. The inflation rate in Tokyo, Japan, fell to 2.9% year-on-year in July, below the expected 3.1%.

Meanwhile, the EUR/USD dropped to 1.1738 and the GBP/USD slid to 1.3493.

Gold remains under pressure at $3,364.

Bitcoin fell to $116,680.

#Expected Today

The Ifo Business Climate Index in Germany is expected to rise slightly to 88.9 in July.

Retail sales in the UK are expected to increase by 1.5% month-over-month in June.

In the United States, durable goods orders are expected to drop by 9.0% month-over-month in June.

Forex