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Some markets have broken the recent gain streak - Wednesday Review, June 3

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Asian markets are still under pressure due to current events.

The US

Investors are more and more confident in an economic recovery, which pushed the benchmarks to a third consecutive day of gains. USA30 added 2.05%, and USA500 went up 1.36%. TECH100 increased by 0.78%.

The Dollar Index lost from its March peak approximately 5%. It closed the session being down 0.41% to 97.263.

Oil traded lower by 1.8% to $36.63 per barrel. Brent Oil fell by 1.2% to $39.31 per barrel.

Gold traded for the first time since May 7, below $1,700 at $1,690.45 per ounce. 

Asia and Australia

HongKong45 lost 0.13% as the city’s Legislative Council passed the National Anthem bill.

Japan225 broke the row of consecutive gain days and traded lower by 0.28%. 

Down Under, ASX rose by 0.51%.

USD/JPY traded at 108.90. 

USD/CNY was up 0.20% to 7.1260.

AUD/USD lost 0.33% to 0.6896.


The Brexit situation is back on focus, but it doesn’t seem to affect the markets. The European markets closed higher on Wednesday, with Germany30 hitting a three-month high by ending the day up 3.88%. UK100 gained 2.61%. France40 added 3.36%.

EUR/USD was up 0.60% to 1.1236.

EUR/GBP added 0.29% to 0.8923.

GBP/USD lost 0.28% to 1.2536.

Markets are constantly on the move! Read more about it here, here, and also here!


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.