{"id":31917,"date":"2022-07-14T16:33:00","date_gmt":"2022-07-14T15:33:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=31917"},"modified":"2022-07-15T00:43:11","modified_gmt":"2022-07-14T23:43:11","slug":"market-wrap-euro-breaks-parity","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-euro-breaks-parity\/","title":{"rendered":"Market Wrap &#8211; Euro breaks parity"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"31917\" class=\"elementor elementor-31917\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-32340f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"32340f4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4202449\" data-id=\"4202449\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5af16e5 elementor-widget elementor-widget-text-editor\" data-id=\"5af16e5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The euro has moved below parity during the US trading session against the US dollar, and quickly accelerated to the downside after breaching the technically important 1.0000 level finally.<\/p><p>It is likely that the <a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">EURUSD<\/a> pair moved sharply lower after the latest PPI report from the United States came in much hotter than the markets had been expecting.<\/p><p>PPI rose by a staggering 11.3 percent year on year, and 1.1 on a monthly basis against expectation of a 10.7 percent yearly rise and 0.8 percent monthly rise.<\/p><p>The major US indices in the United States have moved heavily into negative territory after earnings from <a href=\"http:\/\/bit.ly\/2Nk0y3l\" target=\"_blank\" rel=\"noopener\">Morgan Stanley<\/a> and <a href=\"http:\/\/bit.ly\/35Gi5Ko\" target=\"_blank\" rel=\"noopener\">J.P. Morgan<\/a> disappointed and new calls for 100 basis point from the Fed to tame inflation continues to weigh on sentiment.<\/p><p>Market is spooked after JPMorgan Chase &amp; Co reported a bigger-than-expected 28% fall in quarterly profit and suspended share buybacks according to the earning call.<\/p><p>This is America&#8217;s largest bank, and Chief Executive Jamie Dimon stressed the need to build capital reserves, while flagging a number of concerns including the war in Ukraine..<\/p><p>JPMorgan&#8217;s shares are currently down more than 4% as the bank recorded $1.1 billion in provision for credit losses compared with last year when it released $3 billion from its reserves.<\/p><p>In terms of earning, JPMorgan posted a profit of $8.6 billion, or $2.76 per share, missing the average analyst estimate of $2.88 per share. The market reaction highlights the increasing fear of recession on Wall Street.<\/p><p>The <a href=\"https:\/\/bit.ly\/3tzpfOh\" target=\"_blank\" rel=\"noopener\">DXY <\/a>is also breaking out as traders predict more rate hikes. The US dollar has made more substantial gains against the British pound and also the Japanese yen.<\/p><p>The <a href=\"http:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">USDJPY<\/a> pair is knocking on the door of 140.00, while the sterling continues to edge closer to the Brexit low made in 2014, around the 1.1400 handle.<\/p><p><a href=\"http:\/\/bit.ly\/2ZsFzPL\" target=\"_blank\" rel=\"noopener\">Gold<\/a>, <a href=\"http:\/\/bit.ly\/319C7df\" target=\"_blank\" rel=\"noopener\">silver<\/a>, and <a href=\"https:\/\/bit.ly\/3yhqraH\" target=\"_blank\" rel=\"noopener\">copper<\/a> are more casualties of the rise in the DXY today. Gold is down to $1,700, while the price of silver is near to $19.00. Copper continues to edge towards $300.00.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The euro has moved below parity during the US trading session against the US dollar, and quickly accelerated to the downside after breaching the technically important 1.0000 level finally. It is likely that the EURUSD pair moved sharply lower after the latest PPI report from the United States came in much hotter than the markets [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":31951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[154,605,28,182,307],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Wrap - Euro breaks parity - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-euro-breaks-parity\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Euro breaks parity Market Wrap - Euro breaks parity\" \/>\n<meta property=\"og:description\" content=\"The euro has moved below parity during the US trading session against the US dollar, and quickly accelerated to the downside after breaching the technically important 1.0000 level finally.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-euro-breaks-parity\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-14T15:33:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-14T23:43:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/07\/GettyImages-1292713948.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"509\" \/>\n\t<meta property=\"og:image:height\" content=\"339\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - Euro breaks parity Market Wrap - Euro breaks parity\" \/>\n<meta name=\"twitter:description\" content=\"The euro has moved below parity during the US trading session against the US dollar, and quickly accelerated to the downside after breaching the technically important 1.0000 level finally.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-euro-breaks-parity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-euro-breaks-parity\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Wrap &#8211; 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