7.26.2022 FxGecko Forex News
2022-07-26 14:44:07
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Asian market on July 26, the dollar traded near 106.46, expectations for the Fed to raise interest rates this week by 75 basis points rose to 75%, investors weigh the impact of the Fed's rate hike in a situation where the economy may be on the verge of recession, the market is also waiting for the U.S. second-quarter GDP data, gold prices fell slightly on Monday; oil prices rose more than 1.5%, helped by supply concerns.

1. Commodity closing, Brent crude oil futures September contract settlement price rose 1.9% at $ 105.15 per barrel; U.S. crude oil futures rose 2.1% to settle at $ 96.70 per barrel. U.S. gold futures fell 0.5% to settle at $1,719.10 per ounce

2. U.S. stocks closed the situation, the Dow Jones Industrial Average rose 0.28% to 31990.04 points; the S&P 500 rose 0.13% to 3966.84 points; the Nasdaq fell 0.43% to 11,782.67 points.

3. Gold prices retracted earlier gains on Monday fell, U.S. Treasury yields rallied as investors prepared for the Federal Reserve's expected 75 basis point rate hike later this week.

4. Oil prices rose about $2 on Monday, helped by supply concerns, a falling dollar and early strength in stocks

5. The yen was down 0.44% against the dollar at 136.65 yen. Sterling ended the day at $1.2047, up 0.37% on the day.


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