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Record highs and lows on the international markets - Thursday Review, July 9

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The current world situation caused chaotic movements over the global markets

The US

Yesterday, investors focused on the technological sector, leaving behind the second wave's damage to the economy. TECH100 closed for the second consecutive day at a record high growing 0.63%. USA30 and USA500 fell 1.38%, and 0.52% respectively. 

Oil prices had the most significant drop in more than two weeks – approximately 3%. Brent Oil fell 2.1% to $42.35 per barrel, while Oil lost 3.2% to $39.62. 

Gold lost some of the Wednesday’s momentum shedding 0.9% to reach $1,803.80 per ounce. 

The Dollar Index touched a one-month low at $1.1371.

Asia and Australia

Asia seems to have put aside the tensions between the US and China over the Hong Kong and Macau security laws. The violent protests didn’t phase the markets. HongKong45 added 0.3%.

Japan225 gained 0.40%. 

Australia’s ASX rose 0.59%. 

USD/JPY was close to a four-month high at 6.9808.

AUD/USD traded at $0.7001, representing a one-month high.  


Europe didn't follow the example of its counterparts and moved against the wave yesterday. Europe50 closed lower by 0.8%, while UK100 lost the most – 1.7%. Germany30 declined by 0.04%.  

EUR/GBP was down 0.33% to 0.8951.

EUR/USD scored a one-month high of $1.1371.

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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. 

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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.