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All eyes on data from Departments of Labor - Thursday Review, August 13

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Despite positive data, markets reacted negatively

The U.S.

Despite the positive data that came in from the Department of Labor, most US benchmarks traded lower. USA30 fell 0.29%, and USA500 lost 0.22%. TECH100 added 0.27%. 

Gold washed off some of Wednesday’s loss and traded 1.1% higher at $1,974.75 per ounce.

A pick-up in demand pushed the oil prices higher: Brent and  Crude Oil gained 0.3% each and ended the day at $45.10 per barrel, and $42.36, respectively. 

Asia and Australia

The data received from China and the US made Asian markets to react both positively and negatively.  

Japan225 rose by 1.96%. 

HongKong45 was down 0.05% in expectance of data regarding industrial production, and retail sales. Moreover, investors are looking forward to the meeting between the US and China scheduled for Saturday.

Australia200 lost 0.63%, even though the Bureau of Statistics announced that in July, 114,700 jobs were created. 

USD/JPY added 0.08% to 106.98.

AUD/USD settled at 0.7155.


The European markets traded Wednesday’s gains with Thursday’s losses, as the negative data that came from the continent made them lose momentum.

Germany30 traded 0.2% lower after consumer prices data showed that it is nowhere near an economic recovery.  

France40 fell 0.1%, although the unemployment rate dropped to 7.1%.

UK100 lost 1%, driven by the negative Q2 earnings reported by TUI. 

EUR/USD added 0.4% settling at 1.1825.

EUR/GBP lost 0.03% to 0.9035.

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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. 

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