Global FX DATA:

• • • ASIAN MARKET
      
      Most Asian currencies strengthened on Thursday, with the dollar weakening after the presidents of the United States and the European Commission agreed to lower trade barriers, alleviating immediate concerns about worsening global trade relations.
       
    • GOLD
      
      Gold prices held steady on Thursday as the dollar eased after U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers, easing immediate concerns about global trade tensions.
       
  • • OIL
      
      Brent crude led oil prices higher, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed U.S. inventories fell to a 3-1/2 year low.
                                                     
    • INDIA
      
      Amid all the noise about an increasingly hawkish U.S. Federal Reserve, a trade war and higher oil prices, the Reserve Bank of India’s silence is deafening, say investors piling out of the country’s bonds.
                                                                          
    • DOLLAR
      
      The dollar slipped on Thursday and the euro edged higher, as immediate concerns about global trade tensions ebbed after the United States and the European Union agreed to begin talks to lower tariffs.
       
    • CRYPTO CURRENCY
      
      Bitcoin and other major cryptocurrencies prices retreated on Thursday after jumped around 40% since the start of July and 13% so far this week.
      
       
    • BREXIT
      
      Cities outside London are more exposed to the effects of a bad deal for financial services after Brexit than the U.K. capital.

    • JAPAN
      
      Most Japanese shares gained on Thursday on upbeat earnings and hopes for reduced global trade frictions, though the Nikkei average was dented by prospects the Bank of Japan will cut its buying in the exchange traded funds (ETFs) linked to the index.

    • CHINA
      
      China took another step to ease the pressure from its deleveraging campaign, as authorities try to mitigate increasing risks to the economy from the trade war with the U.S.

    • TAIWAN
      
      Taiwan equities were higher at the close on Thursday, as gains in the Information Services, Cement and Plastic sectors propelled shares higher.

    • SOUTH KOREA
      
      South Korea’s economic expansion met expectations in the second quarter as exports held up despite global trade friction.

    • PAKISTAN
      
      Pakistani cricket icon-turned-politician Imran Khan inched closer to power on Thursday after a general election that has been marred by long delays in ballot counting and claims of rigging by opponents.

    • US
      
      U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade war.
       

    • VENEZUELA
      
      Venezuela will remove five zeroes from the bolivar currency rather than the three zeroes originally planned, President Nicolas Maduro in an effort to keep up with inflation projected to reach 1 million percent this year.