August 28, 2020
Top daily news
Equity markets are mixed currently after a choppy trade Thursday as Federal Reserve announced a shift in policy framework that will place more emphasis on boosting economic growth and less on worries about letting inflation run too high.
Forex news
| Currency Pair | Change |
| EUR USD | +0.61% |
| GBP USD | +0.41% |
| USD JPY | +0.24% |
The Dollar strengthening has halted currently ahead of the US inflation report at 16:30 CET today. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, added 0.1% Thursday as Labor Department reported continuing claims fell slightly to 14.5 million while 1.01 million Americans filed for first-time benefits. At the same time the second-quarter gross domestic product was revised to a 31.7% drop at annualized pace. GBP/USD joined EUR/USD’s continued sliding yesterday with both pairs higher currently. USD/JPY joined AUD/USD’s continued climbing yesterday with both yen and Australian dollar higher against the greenback currently.
Stock Market news
| Indices | Change |
| Dow Jones Index | +0.05% |
| GB 100 Index | -0.6% |
| Nikkei Index | -1.42% |
| Hang Seng Index | +0.51% |
Futures on three main US stock indexes are higher currently after ending mixed Thursday. The three main US stock benchmarks recorded returns ranging from -0.3% to 0.6% as Federal Reserve Chairman Jerome Powell said policy makers would no longer pre-emptively hike interest rates to keep inflation just below 2%. European stock indexes are extending losses today after ending lower Thursday. Asian indexes are mixed currently with Nikkei leading losses after a surprise announcement that Japanese Prime Minister Shinzo Abe will resign for health reasons later on in the day.
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | -0.27% |
| WTI Crude | -0.31% |
Brent is edging lower today. Oil prices fell yesterday despite the US Energy Information Administration report Wednesday that US crude oil inventories fell by 4.7 million barrels last week, the fifth weekly decline in a row while gasoline inventories declined by 4.6 million barrels. The US oil benchmark West Texas Intermediate (WTI) futures ended lower yesterday: October WTI fell 0.8% and is lower currently. October Brent crude closed 1.2% lower at $45.09 a barrel on Thursday.
Gold Market News
| Metals | Change |
| Gold | +0.86% |
Gold prices are rebound today . December gold ended 0.8% lower at $1932.60 an ounce on Thursday.
Market Analysis provided by IFCMarkets.com
- EUR/USD: Busy Week Ahead Aug 3, 2026
- Positive sentiment in the AI sector supported stock indices. Oil prices remain volatile Aug 3, 2026
- The Tech‑heavy NASDAQ Index jumped by more than 3.3%. The offshore yuan is trading at its highest level since 2023 Jul 31, 2026
- USD/JPY After Volatility: Multiple Events in One Day Jul 31, 2026
- The US indices sell off amid renewed US-Iran clashes. Oil jumps by 7% Jul 30, 2026
- USD/JPY Temporary in Equilibrium: Multiple Factors in Focus Jul 30, 2026
- GBP/USD at Month’s Lows: The Outlook Remains Weak Jul 29, 2026
- Crude oil falls below $80 per barrel. Australia sees inflation slowdown Jul 29, 2026
- The US Tech sector hit by sell‑off. Oil prices decline on renewed negotiations Jul 28, 2026
- Gold Declines, Focus on Fed and Falling Oil Prices Jul 28, 2026
