Market News and Charts for July 28, 2020

Below are the most current forex chart updates for Tuesdays sessions. Good day and Good Luck!

CAD/JPY

The pair will continue to move higher in the list below days towards a significant resistance line. Despite lifting the countrys national emergency situation back in May, the Japanese economy was unable to accomplish a robust healing. Reports show that the present to medium-term outlook of the worlds third-largest economy was bleak. Coincident and Leading Indicators both published negative reports yesterday, July 27. The figure for Coincident Indicator was recorded at -6.7% for the month of June from -5.5% in May. On the other hand, expectations for the Japanese economy in the next six (6) months was 78.4 points. This is greater than the prior report of 77.7 points however below expectations of 79.3. The financial activity of all Japanese markets was still sitting in the unfavorable area at 3.5%. On the other hand, the decision to slashed 150 basis points on its rates of interest by the BOC back in March is proving to be beneficial to the Canadian economy and its currency.

GBP/CHF

Financiers started to increase their holdings of the British pound on Friday, July 24, following the better-than-expected reports by Britain. The countrys Composite, Manufacturing, and Services PMI reports all posted above 50 points figures for their most current report. All of whom were higher than the prior months report and expectations by experts.

EUR/AUD

Australia posted excellent growth on its Manufacturing and Services report last week but disappointed financiers with the weak guidance for todays report. If these expectations became the actual figure, this will be the first time for the report to experience negative development given that April 2016. These figures were all greater compared to their prior report.

EUR/USD

The nations Composite, Manufacturing, and Services PMI reports all posted above 50 points figures for their most current report. Australia posted outstanding development on its Manufacturing and Services report last week but disappointed investors with the weak guidance for todays report. These figures were all higher compared to their previous report.

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Figures were taped at 51.3 and 49.6 points, respectively, which were both higher from their prior reports. And today, America will have its CB Consumer Confidence report with expectations lower from the previous report. On the other hand, Germany shocked financiers with its positive Business Climate and Business Expectations report.

Figures were recorded at 51.3 and 49.6 points, respectively, which were both higher from their previous reports. And today, America will have its CB Consumer Confidence report with expectations lower from the previous report.