Forex news from the European trading session – 3 August 2020
Headlines:
Markets:
– USD leads, CHF lags on the day
– European equities higher; E-minis up 0.5%

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GBP/USD sees a fall from 1.3113 to a session low of 1.3040
It has been a quick turnaround for cable in the past hour as we see price action move from session highs just above 1.3100 to a session lows around 1.3040 currently.

Closes lower for the first time since July 16
All good streaks come to an end and the GBPUSD’s 10 day streak of higher closes came to an end today.   The pair last close lower back on July 16. On July 17 the low price reached 1.2511, but closed higher on the day. This week the low was reached on

Dow, S&P, NASDAQ close higher for the 4th consecutive month
On the downside the Dow post its 2nd straight weekly decline.
The final numbers are showing:
For the week, the NASDAQ led the way. The Dow industrial average could not make it to the unchanged level falling by -0.16%:

Bold move by the rating agency
The rating was affirmed at AAA but lowered to negative from stable. That’s how you get yourself a lawsuit.
What Fitch had to say:

Weekly FX speculative positioning data from the CFTC
– EUR long 157K vs 125K long last week. Longs increased by 32K
– GBP short 25K vs 15K short last week. Shorts increased by 10K
Highlights:

Forex news for North American trading on July 31, 2020:
Markets:
The big story was the move in USD/JPY. It came after some serious jawboning and threats from top Japanese officials in Asia so it looks like intervention. It painted a huge outside day on the chart in a reversal to 106.00 from 104.19 at the lows.

Forex news from the European trading session – 31 July 2020
Headlines:
Markets:
– GBP leads, NZD lags on the day
– European equities higher; E-minis up 0.3%