Notifications Bell

Losses all over the board - Wednesday review, May 13

Losses all over the board - Wednesday review, May 13

Jerome Powell painted the world red. Most benchmarks encountered losses.

The US

Wall Street closed on red yesterday, after Jerome Powell’s speech regarding the state of the economy as being the worst since World War II. The interest rates will be the same, and for now, he is not considering the negatives rates a solution. USA30 lost the most – 2.17%. TECH100 and USA500 lost over 1.5%, 1.55% and 1.75%, respectively.

Safe-haven Gold gained 0.28% to $1,721.25 per ounce.

Brent Oil dropped by 2.6% to $29.19 per barrel. Oil was down 1.9% to $25.29 per barrel, after last week it gained more than 17% overall.

Asia and Australia

HongKong45 lost 1.01% even though Tencent’s financial report exceeded expectations.

Japan225 shed 0.63% in expectance of its prime minister’s decision on ending the state of emergency sooner than May 31. USD/JPY was still at 106.91.

After the unemployment report showed unexpected numbers, Australia’s ASX dropped 0.81%, and the AUD/USD reached a low of $0.6420.


Europe50 fell 1.4%, while UK100 lost 1.51%. Germany30 declined by 2.56%. France40 dropped the most by 2.85%.

EUR/USD traded at $1.0818.

GBP/USD approached a five-week high of $1.2238.

See the difference when trading with by accessing elite features:

  • Stellar custom service
  • Powerful WebTrader platform and mobile app
  • High-end integrated trading tools
  • Full license and regulation from top regulators


The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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.