A predominantly gloomy day for the international markets - Thursday Review, July 30

By: Miguel A. Rodriguez

09:45, 14 September 2020

Gold took advantage of recent events and set a record

The US

The States were in for a treat yesterday after the Bureau of Economic Analysis reported an economic contraction of 32.9% in Q2. On top of that, the weekly unemployment claims figures reached 1.434 million.  USA30 closed 0.9% lower, while USA500 lost 0.4%. TECH100 was immune to the news and ended the day 0.4% higher. 

Gold reached an all-time high of $1,980 per ounce. 

Oil settled down 3.3% at $39.92 per barrel. Brent Oil fell 1.1% to $43.25. 

Asia and Australia

The Asian markets were mostly up, as they didn’t budge over the FED decision of keeping the rates steady. Japan225 lost 0.26%.

HongKong45 was up 0.73%.

Down Under, Australia200 rose 0.93%, even though the existing lockdown measures could be extended to curb the spread of COVID-19.  

USD/JPY gained 0.13% to 105.05.

AUD/USD lost 0.62% to 0.7141.


The European benchmarks underperformed yesterday moved by generally weak corporate financial reports. Germany30 traded 1.9% lower after data from Destatis showed that the German GDP fell by 10.1% in the past quarter

France40 fell 0.7%, and UK100 was down 1.3%.

EUR/USD was down 0.3% at 1.1757.  

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Sources: forexfactory.com, investing.com, marketwatch.com

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