Daily Market Report – 07-31-2016

The amount of Americans who applied for unemployment benefits increased by 14,000 to 255,000.

After Credit Suisse’s analysts traveled across the EU the bank reported very few investors have beaten their benchmarks this year.

While refineries operated at 2.4 percent of their operable capacity, refinery imports averaged sixteen point six million barrels per day.

The euro is expected to head lower as the diffusion index based on survey purchasing managers in the US manufacturing industry is expected to increase.

Traders are expected to pay special attention to Friday's US non-farm payrolls and Canadian employment change which are expected to bring high volatility to the dollar and to the dollar loony pair.

The level of a diffusion index based on survey purchasing managers in the UK services industry is expected to increase bringing new gains for the pound on Wednesday.

 

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