The EU Summit Is in the Spotlight. The Central Bank of China Has Kept its Key Interest Rate Unchanged.

The US dollar is losing ground against its main competitors. On Friday, the US dollar index (#DX) has updated local lows and closed in the negative zone (-0.45%). Investors are still concerned about an increase in the number of people infected with COVID-19. Last week, the United States reported a new anti-record. At the moment, the number of people infected with coronavirus worldwide has reached 14.5 million.

The EU summit in Brussels, where the leaders of the countries discuss the bloc's budget for 2021-2027 and an anti-crisis economic recovery plan, is in the spotlight. In June, Japan's exports fell by 26.2% (y/y). The central bank of China left its key rate unchanged at 3.85% for the third month in a row.

The "black gold" prices have been declining. At the moment, futures for the WTI crude oil are testing the $40.40 mark per barrel.

Market indicators

On Friday, there was a variety of trends on the US stock market: #SPY (+0.29%), #DIA (-0.27%), #QQQ (+0.12%).

The 10-year US government bonds yield is consolidating. At the moment, the indicator is at the level of 0.61-0.62%.

The news feed for 2020.07.20:
  • - Consumer price index in the Eurozone at 12:00 (GMT+3:00);
  • - Statistics on the US real estate market at 15:30 (GMT+3:00).

by JustForex, 2020.07.20

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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