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The latest labor metrics did not impress the global markets - Thursday Review, July 15

Miguel A. Rodriguez
Miguel A. Rodriguez
16 Juli 2021
Jerome Powell’s testimony reaffirmed the Fed’s stance that the economic recovery is “still a way off” from the levels needed to start asset tampering

The US

Wall Street closed the day in a mixed fashion as a fall in weekly jobless claims data fueled investor concerns about a recent inflation spike. USA30 rose 0.15%, while USA500 declined 0.33%. TECH100 lost 0.70%.

Crude oil fell 2.19% to $71.53 a barrel.

Gold traded 0.29% higher at $1,830.25 a troy ounce.

The Dollar Index was up 0.19% at 92.578.


Asia and Australia

HongKong45 gained 0.66% after the city administration announced that it would allow vaccinated residents and workers to return from countries deemed as highly high-risk.

Japan225 traded 0.85% lower ahead of the Bank of Japan policy decision due on Friday.

Down under, Australia200 gained 0.03% on lower-than-expected labor data for June.

USD/JPY fell 0.17% to 109.81.



UK100 lost 1.1%, with data showing the number of employees on British company payrolls jumped in June the most since the COVID-19 pandemic started. Germany30 traded 1.01% lower driven by losses in the Technology, Industrials and Consumer & Cyclical sectors.

Brent oil fell 1.97%, hitting $73.29 per barrel.

EUR/USD traded at 1.1812 after losing 0.19%.







Miguel A. Rodriguez
Miguel A. Rodriguez

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.