Jerome Powell’s speech moved the markets - Thursday Review, August 27

By: Miguel A. Rodriguez

09:45, 14 September 2020

The Sino-US tensions are still simmering

The US

The benchmarks traded mostly higher driven by the #Federal #Reserve's decision to adopt a 2% inflation target and restore full employment. USA30 rose 0.57%, and USA500 added 0.17%. TECH100 dropped 0.34%.

Oil added 0.1% to $43.42 per barrel, while Brent rose 0.3% to $46.29. 

Gold lost 1% and settled at $1,932.60 per ounce. 

The Dollar Index jumped to 93.30.  

Asia and Australia

The #stocks traded predominantly lower amid rising #tensions between the US and China. Yesterday, China fired four medium-range ballistic missiles into the South China Sea as part of a military exercise. Also, yesterday, the US sanctioned 24 Chinese companies.

HongKong45 fell 0.88%.

Japan225 was down 0.44%.

Down under, Australia200 gained 0.46%. 

USD/JPY climbed to 106.57.


Losses were minor ahead of the Fed meeting, mostly driven by Rolls-Royce and Holdings. Germany30 lost 0.71%. France40 and UK100 dropped by 0.2%. 

EUR/GBP traded 0.2% lower at 0.8952.

EUR/USD added 0.1% at 1.1835.

Check-out the latest news on!


Share this article

The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.