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The earnings season overshadowed the pandemic and the Sino-US tensions - Monday Review, July 27

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Wall Street rallies

The US

The American indices gained, as investors eyed another stimulus package. USA30 rose 0.43%, while USA500 added 0.74%. TECH100 gained the most – 1.67% - as the investors are waiting for the giants’ earnings reports. 

Brent Oil gained 4 cents to $43.45 per barrel, while Oil was down 9 cents to $41.51.

Gold went up 1.8% and settled at $1,931 per ounce.

The Dollar Index settled at 93.793.

Asia and Australia

The Asian markets ignored the latest tensions between China and the US. HongKong45 was up 0.27%.

Japan225 fell 0.51% at reopening after the last week’s holiday. 

Down Under, Australia200 rose 0.06%.

USD/JPY lost 0.6% and settled at 105.53, reaching a four-month low. 

AUD/USD traded at $0.7134.


The European markets fell after the UK imposed quarantine on people returning from Spain amid an increase in the number of infections.

Europe50 fell 0.5%, while Spain35 slid 1.2%. UK100 was down 0.5%.

France40 lost 0.5%.

However, Germany30 was pushed 0.02% higher by gains in software and retail sectors. 

EUR/USD gained 0.82% to 1.1749.

EUR/GBP was up 0.19% to 0.9125.

GBP/USD gained 0.66% to $1.2873.

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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.