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

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 septiembre 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.


Europe

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!

Sources: cnn.com, marketwatch.com, investing.com


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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel comenzó su destacada carrera profesional en reputadas instituciones financieras como el Banco Santander y el Banco Central-Hispano. Es autor de importantes libros sobre trading en el mercado de divisas.