Some markets have broken the recent gain streak - Wednesday Review, June 3

By: Miguel A. Rodriguez

09:45, 14 September 2020

Asian markets are still under pressure due to current events.

The US

Investors are more and more confident in an economic recovery, which pushed the benchmarks to a third consecutive day of gains. USA30 added 2.05%, and USA500 went up 1.36%. TECH100 increased by 0.78%.

The Dollar Index lost from its March peak approximately 5%. It closed the session being down 0.41% to 97.263.

Oil traded lower by 1.8% to $36.63 per barrel. Brent Oil fell by 1.2% to $39.31 per barrel.

Gold traded for the first time since May 7, below $1,700 at $1,690.45 per ounce. 

Asia and Australia

HongKong45 lost 0.13% as the city’s Legislative Council passed the National Anthem bill.

Japan225 broke the row of consecutive gain days and traded lower by 0.28%. 

Down Under, ASX rose by 0.51%.

USD/JPY traded at 108.90. 

USD/CNY was up 0.20% to 7.1260.

AUD/USD lost 0.33% to 0.6896.


The Brexit situation is back on focus, but it doesn’t seem to affect the markets. The European markets closed higher on Wednesday, with Germany30 hitting a three-month high by ending the day up 3.88%. UK100 gained 2.61%. France40 added 3.36%.

EUR/USD was up 0.60% to 1.1236.

EUR/GBP added 0.29% to 0.8923.

GBP/USD lost 0.28% to 1.2536.

Markets are constantly on the move! Read more about it here, here, and also here!


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