Forex news for US trading on July 20, 2016
Markets:
– Gold down $19 to $1312
– WTI crude oil up 30-cents at contract expiration
– S&P 500 up 10 points to record 2174
A light calendar didn’t halt lively trading. USD/JPY broke above the pre-Brexit high of 106.81 and the 61.8% retracement of the decline since May on talk of a 20 trillion stimulus budget from Japan. That’s about double what’s been floated before. Rising yields and stocks also helped.
