August seasonals highlight the risks
July was a volatile month where a bid in bonds eventually spooked the broader markets. Seasonally, August is a time to be worried about risk trades, with some of the strongest seasonal trends in the forex market.

Stocks close near session lows
Hurting the indices and market today was Amazon which fell -7.5% or $-269.94 after revenue shortfall and expectations towards lower revenue growth ahead. 

ISM data and jobs reports highlight the events next week
Monday will be the August 2nd and the start of a new month. That means the traditional ISM data, ADP employment, the US and Canada jobs reports. 

Forex news from the European trading session – 30 July 2021
Headlines:
Markets:
– EUR leads, AUD lags on the day
– European equities lower; S&P 500 futures down 0.6%

Japan may look to take further steps to curb the virus spread
This comes after state of emergency measures were announced for four other prefectures (Chiba, Saitama, Kanagawa, Osaka) and the one in Tokyo being extended through to 31 August earlier today . A snapshot of the cases in Japan:

European stocks lower but still poised for a decent month
European indices are holding lower by around 0.4% to 0.8% mostly on the session, as equities are still seeing a slight retreat towards the end of the week/month.

EUR/USD moves up to just above 1.1900
The pair is up to its highest level since 30 June as buyers are trying to make it five consecutive days of gains now, pushing a little higher with euro area Q2 GDP data more upbeat on the balance of things today.

Latest data released by Destatis – 30 July 2021
– -0.3%
– GDP +13.7% y/y
– Prior -1.3%
A solid beat sees the euro area economy bounce back after a more subdued Q1, helped by looser virus restrictions in general. Demand conditions returned strongly and was a key contributor to the rebound in economic activity.

Latest data released by Destatis – 29 July 2021
here
On the month itself, inflation jumped up by another 0.9% with HICP inflation increasing by 0.5% on the month as well. That reaffirms stronger price pressures in general, adding to base effects, and will certainly pose a bit of a headache to the ECB – not only

Forex news from the European trading session – 29 July 2021
Headlines:
Markets:
– NZD leads, USD lags on the day
– European equities higher; S&P 500 futures up 0.1%