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Markets start to lose some steam - Tuesday Review, April 6

Miguel A. Rodriguez
Miguel A. Rodriguez
07 April 2021
Bulls hit the pause button in the US, breaking a multi-day winning streak

The US

Last week’s non-farm payrolls figures seem to lose their power over the markets. USA30 fell 0.29%, while USA500 closed 0.1% lower, both snapping a three-day win streak. TECH100 was down 0.1%.

Crude oil traded 1.8% higher at $59.69 per barrel.

Gold rose 0.1% to $1,731.25 per ounce.


Asia and Australia

Hong Kong markets were closed for a holiday.

Japan225 declined 1.30%.

Down under, Australia200 rose 0.84% after the Reserve Bank announced that it would maintain its monetary policy unchanged.

AUD/USD was down 0.22% to 0.7632.

USD/JPY gained 0.18% to 110.37.



Stocks traded higher, climbing to record highs, as investors focused on signs of strong global growth. Germany30 went up 0.9%, reaching an all-time high. France40 and UK100 gained 0.5% and 1%, respectively.

Brent oil added 1.6% to $63.17 a barrel.

EUR/USD traded at 1.1806 after it lost 0.1%.


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.

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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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