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US unemployment claims worse than expected
At 12:30 GMT, the US Department of Labor showed that the unemployment claims were at 360K during the week ending in July 9, worse than forecasts of 350K, but better than the previous reading of 386K. This data is negative for the US economy.
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Dollar turns higher ahead of Jerome Powell's second testimony
The US dollar rose against a majority of rivals on Thursday, after falling earlier, which comes ahead of the second part of the US Federal Reserve Chairman's semi-annual testimony before the Congress, while investors await insight on the odds of the Federal Reserve's potential moves to tighten monetary policy soon.
MoreGold gives up 4-week high ahead of Powell's second testimony
Gold prices fell on Thursday, on profit-taking from a 4-week high, ahead of the second part of the US Federal Reserve Chairman's semi-annual testimony before the Congress.
MoreOil continues to falls after OPEC+ resolves Saudi-Emirati dispute
Oil prices fell on Thursday, deepening losses for the second straight day, due to over growing oversupply concerns, after Saudi Arabia and the UAE resolved their, which led to suspending a new output hike plan starting from August, which comes in tandem with a rise in the US production.
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