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The Federal Reserve and the ECB moved the markets - Wednesday Review, August 19

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
A mixed session for the global markets

The US

The Federal Reserve meeting minutes released yesterday showed that economic recovery continues to be highly uncertain. USA30 slipped 0.31%, while USA500 fell 0.39%. TECH100 lost 0.57%. 

Gold slumped 1.1% and settled at $1,943.27.

Oil traded 0.6% lower at $42.85, while Brent fell 0.7% to $45.16 per barrel.

The Dollar Index jumped 1% to 93.


Asia and Australia

The markets were close to a seven-month high as central banks continued to inject money into their battered economies. HongKong45 lost 0.9%.

Japan225 rose 0.25%.

Australia200 went up 0.8%.

USD/JPY stayed put at 105.50.

AUD/USD traded at $0.7250.


Europe

The markets moved higher in expectance of the latest European Central Bank monetary policy due to be published this Thursday. Europe50 traded 0.3% higher. Germany30 and France40 rose 0.1% each.  UK100 went up 0.2%.

EUR/USD added 0.1% at 1.1932.

Markets don’t sleep! See what’s going on in the world on CAPEX.com!

Sources: reuters.com, investing.com


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.