October 5, 2020
Top daily news
Equities are advancing currently on reports President Trump may leave hospital today after markets ended a bullish week last Friday. Tesla shares fell 7.37% underperforming market despite report it delivered 139,300 vehicles in the third quarter, shares of Apple lost 3.22%, underperforming market too.
Forex news
| Currency Pair | Change |
| EUR USD | -0.19% |
| GBP USD | +0.12% |
| USD JPY | -0.09% |
The Dollar strengthening has halted currently . 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, rose 0.1% Friday despite Bureau of Labor Statistics report US economy created 661,000 new jobs in September, when creation of 900,000 new jobs were expected. EUR/USD reversed its climbing Friday while GBP/USD moved higher as euro-zone consumer prices deflation accelerated in September. Euro is higher currently while Pound is lower against the dollar. AUD/USD and USD/JPY reversed their climbing Friday with the dynamics reversed for both currently.
Stock Market news
| Indices | Change |
| Dow Jones Index | +0.14% |
| Nikkei Index | +1.23% |
| Australian Stock Index | +2.58% |
| Hang Seng Index | +0.72% |
Futures on US equity benchmarks are up currently ahead of ISM Non-Manufacturing PMI report at 18:00 CET today. The three main US stock indexes recorded weekly gains ranging from 1.5% to 1.9% on Friday. European stock indexes are rebounding currently after a bearish session Friday led by chemical shares as data showed international tourist arrivals to Spain fell 76% over year in August. Asian indexes are rising today led by Australia’s All Ordinaries ASX 200 Index on strong retail sales report with mainland China’s markets closed for a weeklong holiday.
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | +1.28% |
| WTI Crude | +2.12% |
Brent is edging higher today. Oil prices ended down last session. The US oil benchmark West Texas Intermediate (WTI) futures are higher currently after November WTI dropped 4.3% Friday. December Brent crude lost 4.1% to $39.27 a barrel on Friday.
Gold Market News
| Metals | Change |
| Gold | -0.68% |
Gold prices are extending losses today. December gold fell 0.5% to $1907.60 an ounce on Friday.
Market Analysis provided by IFCMarkets.com
- COT Metals Charts: Speculator Changes led lower by Gold & Platinum Nov 17, 2024
- COT Bonds Charts: Large Speculator bets led by 2-Year & Ultra Treasury Bonds Nov 17, 2024
- COT Soft Commodities Charts: Large Speculator bets led by Corn & Soybean Oil Nov 16, 2024
- COT Stock Market Charts: Speculator Bets led by MSCI EAFE & VIX Nov 16, 2024
- The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% Nov 15, 2024
- EURUSD Faces Decline as Fed Signals Firm Stance Nov 15, 2024
- Gold Falls for the Fifth Consecutive Trading Session Nov 14, 2024
- Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations Nov 13, 2024
- USD/JPY at a Three-Month Peak: No One Opposes the US Dollar Nov 13, 2024
- Can Chinese Tech earnings offer relief for Chinese stock indexes? Nov 13, 2024
