Chat with us, powered by LiveChat

Get In Touch!

Simply call us on any of hour hotline:

Check out our offices

Tower 42, 25 Old Broad St,
London EC2N 1HN
Tower A, The Zenith, 821 Pacific Hwy,
Sydney NSW 2067, Australia

Follow Us

Get a call from us!

[contact-form-7 404 "Not Found"]

31FX Blog

What’s to Expect in Forex Today – August 3, 2020

31FX- Here’s what you need to know today, Monday. More on Gold, US Dollars, Crypto right here.

Gold XAU/USD

Gold has taken another step toward $2,000 while the dollar is looking for a direction after recovering some of July’s losses on Friday. 

XAU/USD is trading around $1,970 after making another move toward $2,000. 

ISM Non-Manufacturing Purchasing Managers’ Index

Faster growth is expected in the industrial sector, which is more resilient to surging coronavirus cases.

GBP/USD

GBP/USD has stabilized under 1.31 after experiencing high volatility. Final UK Manufacturing PMI will likely confirm the original print of 53.6 points.

EUR/USD

EUR/USD is trading below 1.18 after temporarily topping 1.19 on Friday. Eurozone manufacturing PMIs for July is set to show recovery in all the continent’s large countries. 

AUD/USD

AUD/USD is trading around 0.7150, consolidating previous moves as Melbourne was put under a nighttime curfew.

USD/JPY

USD/JPY is trading closer to 106 with traders suspecting Japanese authorities have been intervening to weaken the yen. 

WTI Oil

WTI has returned to trade above $40 after experiencing higher volatility late in July. 

Bitcoin

Bitcoin had a wild ride over the weekend, surging above $12,000 before tumbling under $10,000 only to stabilize around $11,000.