Forex
The strongest to weakest of the major currencies

The JPY is the strongest and the CAD is the weakest as the last day of the month is upon us. The major averages in the US are at 7 week highs. The Dow has its best since October (up 5.7%). The S&P is up around 7.6% in July. The Nasdaq is up 10.3% in July.

The Apple and Amazon were better than expectations. Intel missed on top and bottom line. Apple is trading at $161.54 after closing at $157.39 yesterday. Amazon is trading at $135.89 after closing at $122.26 yesterday. Intel is trading at $35.20 after closing at $39.71 yesterday. Chevron reported and is up on the day. Procter and Gamble is lower after their earnings. Exxon Mobile is higher after stronger earnings and trades at $94.75 vs $92.64 at the close yesterday.

Europe GDP growth surprised to the upside today with stronger gains of 1% in Italy and 1.1% and Spain. France also beat expectations with a 0.5% growth rate. Overall euro zone GDP rose by 0.7% and 4.0% year on year (expected 0.2% and 3.4% respectively)

Oil is higher on increased demand hopes. Gold is steady after 2 strong days to the upside on a weaker dollar

In other markets

  • spot gold is trading up $1.69 or 0.09% at $1757.70 after 2 strong days to the upside on the weaker dollar
  • spot silver is down $0.02 or -0.17% at $19.96 after cracking above the $20 level once again
  • WTI crude oil is trading up $2.22 and $98.64
  • The price of bitcoin is modestly lower $23,684. That is down from the high of $24,445 overnight (highest level since June 13).

In the premarket for US stocks, the major indices are higher and looking for the 3rd consecutive day to the upside

  • Dow industrial average is up 52 points after yesterdays at 332.04 rise yesterday
  • S&P index is up 22 points after yesterdays 48.8 point rise
  • NASDAQ index is up 99 points after yesterdays 130.17 point rise

In the European equity markets, the major indices are higher after the better GDP:

  • German Dax, +1.24%
  • France's CAC +1.68%
  • UK's FTSE 100 +0.57%
  • Spain's Ibex +0.82%
  • Italy FTSE MIB, up 2.25%

In the US debt market, yields are higher after sharp declines yesterday and this week:

  • 2 year 2.915%, +4.9 basis points
  • 5 year 2.738%, +3.7 basis points
  • 10 year 2.707% +2.7 basis points
  • 30 year 3.052%, +2.6 basis points