In Thursday, August 1, at the end of the day the euro rose against the dollar by 10 points. Buyers played a loss and went into a plus in the US session. Rapid restoration of quotations contributed to risk aversion and rising EUR / GBP cross. By a decline in investors' appetite for risk increased demand for safe assets (gold, the Swiss franc, yen). Brent crude fell by 7%, to $ 60.01. Euro rose 70 pips as the currency of funding, because stocks plunged.
On Thursday, US President tweeted that from September 1, the United States will impose an additional 10% duty on Chinese products in the amount of $ 300 billion. It increased the pressure after a group of US negotiators completed on Wednesday renewed after a 3-month break talks. We understand that the failure of the talks.
Planned statistics (GMT + 3):
At 15:30 Canada and the United States said about changing the trade balance for June. In the United States released a report on the change in the number of people employed in non-farm payrolls, unemployment rate, average hourly earnings and average weekly working hours and the proportion of the economically active population in July.
At 17:00 the US will publish the consumer sentiment index from Reuters / Michigan in July and will report on the change in volume production orders in June.
At 20:00 Baker Hughes will publish a report on the number of active drilling rigs for oil production.
The current situation is EUR / USD:
As expected, EUR / USD updated at least in the European session, after which began the correctional phase. The fall of EUR / USD pair has stopped at 135 grams. Price did not reach the estimated level, but we were warned that we must be prepared for a reversal. She rolled up the book line, which is likely to remain until 15:30 (GMT + 3). US talks with China failed. The focus of market participants today a report on the US labor market. On the day peyrolsa we do not make predictions. Given that the daily period, EUR / USD has formed pinbar, you better be ready to continue the EUR / USD rising to 1,1130-1,1145.
EUR / USD Forecast for today Alpari