The British pound remains one of the weakest currency pairs this month. GBPUSD started this week with a bearish note, on Monday touched 1.1650 its lowest level since March 2020. For this week, the first key support level is located at 1.1630/20.
Euro and European shares traded higher on Thursday morning supported by the release of better-than-expected German macro-economic data. Moving ahead, the investors and traders should closely monitor the release of ECB meeting minutes which is set to be released at 11.30 GMT.
The leading semiconductor company NVIDIA (NASDAQ: NVDA) is scheduled to report its second-quarter earnings on Wednesday, August 24, after the market close. The company is expected to post quarterly earnings of $0.51 per share and revenues are expected to be $6.7 billion.
UK, Eurozone, and Germany reported mixed Purchasing Managers Index (PMI) readings on Tuesday. Moving ahead to the North American session, the US will release the latest PMI numbers.
The Crypto market witnessed a reversal last couple of weeks and the Bitcoin (BTC), the most valuable crypto by market capitalisation recovered back above $25,000 for the first time in two months. From a technical perspective, the BTC's overall momentum remains mixed now after the bulls failed to extend the rally.