Article Hero

A predominantly gloomy day for the international markets - Thursday Review, July 30

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Gold took advantage of recent events and set a record

The US

The States were in for a treat yesterday after the Bureau of Economic Analysis reported an economic contraction of 32.9% in Q2. On top of that, the weekly unemployment claims figures reached 1.434 million.  USA30 closed 0.9% lower, while USA500 lost 0.4%. TECH100 was immune to the news and ended the day 0.4% higher. 

Gold reached an all-time high of $1,980 per ounce. 

Oil settled down 3.3% at $39.92 per barrel. Brent Oil fell 1.1% to $43.25. 

Asia and Australia

The Asian markets were mostly up, as they didn’t budge over the FED decision of keeping the rates steady. Japan225 lost 0.26%.

HongKong45 was up 0.73%.

Down Under, Australia200 rose 0.93%, even though the existing lockdown measures could be extended to curb the spread of COVID-19.  

USD/JPY gained 0.13% to 105.05.

AUD/USD lost 0.62% to 0.7141.


The European benchmarks underperformed yesterday moved by generally weak corporate financial reports. Germany30 traded 1.9% lower after data from Destatis showed that the German GDP fell by 10.1% in the past quarter

France40 fell 0.7%, and UK100 was down 1.3%.

EUR/USD was down 0.3% at 1.1757.  

Check-out for more!


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?


Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.