By IFCMarkets.com
Top daily news
Equities are edging higher currently after Wall Street rebound faded Thursday led by technology shares. Technology stocks with too high current valuations resumed declining as Democrats blocked a Senate Republican bill on $300 billion new coronavirus aid. Apple stock, down 3.3% Thursday, underperformed market, while Tesla outperformed market gaining 1.38%.
Forex news
Currency Pair | Change |
EUR USD | +0.13% |
GBP USD | +0.5% |
USD JPY | -0.08% |
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 despite Labor Department report above expected 884 thousand Americans filed for first-time benefits. At the same time continuing claims increased to 29.6 million.
GBP/USD continued sliding yesterday with
EUR/USD reversing its sliding after the European Central Bank left its policy unchanged at minus 0.5% and its refinancing rate at 0% and Christine Lagarde said the ECB’s governing council discussed the euro appreciation but it doesn’t “target the exchange rate.” Both Pound and euro are higher against the Dollar currently. Both
AUD/USD and
USD/JPY reversed their climbing yesterday with the dynamics reversed for both pairs currently.
Stock Market news
Indices | Change |
Dow Jones Index | +0.28% |
Nikkei Index | +0.74% |
Australian Stock Index | -0.83% |
Futures on three main US stock indexes are rising currently after slumping Thursday. The three main US stock benchmarks recorded losses ranging from 1.5% to 2.0% in a volatile session. European stock indexes are rebounding today after ending lower Thursday despite an upgrade by the ECB of the eurozone economy outlook for this year, now estimating a contraction of 8% versus its previous estimate of an 8.7% drop. Asian indexes are mixed currently with Australia’s All Ordinaries ASX 200 Index leading losses.
Commodity Market news
Commodities | Change |
Brent Crude Oil | -0.25% |
WTI Crude | -0.22% |
Brent is extending losses today. Oil prices fell yesterday after the US Energy Information Administration report that US crude oil inventories rose by 2 million barrels last week, the first weekly rise in seven weeks while gasoline inventories declined by 3 million barrels. The US oil benchmark
West Texas Intermediate (WTI) futures ended lower yesterday:
October WTI fell 2% and is lower currently.
November Brent crude closed 1.8% lower at $40.06 a barrel on Thursday.
Gold Market News
Gold prices are pulling back today . December gold rose Thursday settling 0.5% higher at $1954.20 an ounce.
Market Analysis provided by IFCMarkets.com
- COT Bonds Charts: Speculator Weekly Changes led by 5-Year & 10-Year Bonds Apr 28, 2024
- COT Stock Market Charts: Speculator Bets led by VIX & Russell-Mini Apr 28, 2024
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybean Meal Apr 28, 2024
- Today, investors’ focus is on the PCE Price Index inflation report Apr 26, 2024
- Gold price recovers amid uncertain US economic outlook Apr 26, 2024
- This “Bullish Buzz” Reaches Highest Level in 53 Years Apr 26, 2024
- FastSpring and EBANX Forge Partnership to Expand Pix Payments for Digital Products in Brazil Apr 25, 2024
- Target Thursdays: NAS100, Robusta Coffee, USDCHF Apr 25, 2024
- QCOM wants to create competition in the AI chip market. Hong Kong index hits five-month high Apr 25, 2024
- Japanese yen hits all-time low as BoJ meeting commences Apr 25, 2024