31FX- Here’s what you need to know today, Monday. More on Gold, US Dollars, Crypto right here.
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 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 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 is trading around 0.7150, consolidating previous moves as Melbourne was put under a nighttime curfew.
USD/JPY is trading closer to 106 with traders suspecting Japanese authorities have been intervening to weaken the yen.
WTI has returned to trade above $40 after experiencing higher volatility late in July.
Bitcoin had a wild ride over the weekend, surging above $12,000 before tumbling under $10,000 only to stabilize around $11,000.