The July U.S. employment report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for EUR/USD and USD/JPY.

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ISM services PMI data revealed higher prices but lower activity, new orders and employment figures. The services sector continues to expand but softer data is concerning

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Oil markets tentatively continue the move lower as markets digest the effect of the Fitch downgrade. An extended WTI pullback towards $82 may re-engage bullish interest

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GBP/USD remains under pressure despite the BoE hiking rates by 25bps. The dovish slant to the announcement added to risk off sentiment, keeping cable subdued.

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Euro faces renewed pressure as business activity continues to decline. Is this the beginning of a long-term downtrend or merely a correction following an extended upside rally?

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