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The technologic and banking sectors moved the markets - Thursday Review, August 20

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The US unemployment claims partially affected the global markets

The US

The markets ignored the high unemployment claims and focused on the gains brought by Nvidia and Tesla. USA30 rose 0.17%, while USA500 added 0.32%. TECH100 closed at a record high after it gained 1.06%. 

Gold lost 1.2% at $1,946.50 per ounce. 

Oil slid by 0.89% and traded at $42.55 per barrel. Brent Oil fell 0.77% to $45.02. 

The Dollar Index was steady at 92.983.

Asia and Australia

HongKong45 fell 1.28% as people are looking for additional monetary easing after the People’s Bank of China announced that it would keep the lending rate unchanged. 

Japan225 slid 1.06%

Down Under, Australia200 dropped 0.91% after the Australian regulators rejected some acquisitions that a Chinese company wanted to make. 

USD/CNY lost 0.1% to 6.9071. 

USD/JPY traded 0.2% lower at 105.57.


Unlike its American peers, the European benchmarks took the data received from the Department of Labor seriously and reacted accordingly. Europe50 lost 1.36%. Germany30 fell 1.31%, and UK100 was off 1.27%.

EUR/USD traded at 1.1801. 

GBP/USD added 0.2% to 1.3240. 

Read all about what’s happening on the global markets on!


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.