On the forex front, the euro/U.S. dollar (EUR/USD) currency pair was consolidating above the 1.17 key level, GBP/USD was holding its own above 1.31, while the USD/JPY was clinging onto key support at 110.35. Gold has started a touch weaker after closing up for the third straight week, while copper and crude oil were also in consolidation mode following their sharp recent gains.
The U.S. dollar is lower against the major pairs after the political uncertainty in Washington and mixed economic fundamentals took their toll on the greenback. The first week of August will be full of economic releases with major central banks on the agenda as well as the week wrapping up with the biggest economic indicator in the market, the United States Non-farm payrolls report.
U.S. futures are pointing to a stronger open on Thursday, with the NASDAQ seen leading the way boosted by earnings from Facebook as we await results from a number of other companies on what is likely to be one of the biggest days of earnings reports this year.