1.EURUSD drops below the 1.1000 psychological mark, as the bears regain control amid a mixed market mood, awaiting the key US JOLTS job openings data and ISM Manufacturing PMI for fresh directives. EU final PMIs are also awaited.
2.AUDUSD came under heavy bearish pressure following the RBA event and was last seen losing more than 1% on the day at around 0.6650.
3.During the Asian trading hours, the data from China revealed that the economic activity in the manufacturing sector contracted in June, with the Caixin Manufacturing PMI dropping to 49.2 from 50.5. Reflecting the souring market mood, US stock index futures trade modestly lower in the European session. Meanwhile, the 10-year US Treasury bond yield holds steady slightly below 4%.
4.Pressured by the renewed USD strength, EURUSD turned south and dropped below 1.1000 in the European morning on Tuesday. HCOB will publish revisions to July Manufacturing PMI for the Eurozone and Germany.
5.GBPUSD closed the first day of the week virtually unchanged slightly below 1.2850. The pair stays relatively quiet early Tuesday and fluctuate at around 1.2830.
6.USDJPY builds on Monday's gains and trades at its highest level in three weeks above 142.50.
7.Gold price stays under bearish pressure following the disappointing Chinese PMI data. At the time of press, XAUUSD was down 0.5% on the day at $1,955.
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Edited 01 Aug 2023, 18:07
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