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Stocks wobble although the outbreak seems to be under control - Thursday Review, June 18

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
International tensions are pushing down the markets.

The US

The American benchmarks traded lower after the Unemployment Claims came higher than expected, and due to the new scandal between President Trump and Twitter officials.  USA30 lost 0.1%. USA500 was down 0.5%, while TECH100 slid 0.2%.

Oil gained 0.7% to $38.22 per barrel. Brent Oil added 0.3% to $40.84, after OPEC+ pledged more cuts.

Gold went up 0.25% to $1,735.35 per ounce, as the tensions between the US and China are rising. 

The Dollar Index slipped 0.03% to 97.373.

Asia and Australia

The new outbreak seems to pass by some Asian markets. Japan225 rose 0.33%.

HongKong45 lost 0.09, even though the latest outbreak is kept under control. 

ASX added 1.11% after the Bureau of Statistics announced a 16.3% increase in retail turnover for May. 

USD/JPY lost 0.11% to 106.84. 

AUD/USD gained 0.12% to 0.6860.

USD/CNY closed at 7.0864 after it lost 0.01%.


France40 lead the losses in Europe with -0.4%. Germany30 lost 0.1%, while UK100 shed 0.3%.

GBP/USD was close to a two-week low at $1.2403 as the bond-buying program set in motion by the Bank of England might not be enough to keep the economy afloat. 

EUR/USD stood still at $1.200. 







Miguel A. Rodriguez
Miguel A. Rodriguez

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.