Gold took advantage of recent events and set a record
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.
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.
EUR/USD was down 0.3% at 1.1757.
Check-out CAPEX.com for more!
Sources: forexfactory.com, investing.com, marketwatch.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.