By IFCMarkets
Top daily news
Global markets are mixed today after US equities booked their best quarterly performance in more than 20 years. Investors are cautious in light of surging coronavirus cases globally against the background of improving economic data recently.
Forex news
| Currency Pair | Change |
| EUR USD | -0.87% |
| GBP USD | +1.18% |
| USD JPY | -0.44% |
The Dollar weakening continues 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, slid 0.1% Monday after ISM-Chicago report Chicago area business activity contraction continued at above-expected rate while the Case-Shiller house price index rose 4% on an annual basis in April.
GBP/USD reversed its falling Monday despite data showing Britain’s economy shrank by the most since 1979 in the first quarter of 2020 while
EUR/USD reversed its climbing despite report euro-zone’s inflation ticked up in June when a decline was expected. Both pairs are lower currently. Both
USD/JPY and
AUD/USD continued their climbing yesterday with both yen and Australian dollar higher against the greenback currently.
Stock Market news
| Indices | Change |
| Dow Jones Index | +0.14% |
| GB 100 Index | -0.2% |
| Nikkei Index | -2.38% |
Futures on three main US stock indexes are mixed currently ahead of ADP Non-farm employment change report later today. Stock indexes in US posted back to back gains Tuesday as Fed chair Powell pledged to keep doing whatever it takes to support the US economy : the three main US stock indexes posted gains ranging from 0.8% to 1.5%. European stock indexes are edging lower currently after a rebound on Tuesday. Asian indexes are mostly extending gains today except for Nikkei as Caixin reported China’s factory activity expanded at a faster pace in June
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | +1.71% |
| WTI Crude | +0.9% |
Brent is rebounding today. Oil prices ended lower on Tuesday. The American Petroleum Institute reported late Tuesday US crude supplies fell by more than 8 million barrels last week. The US oil benchmark
West Texas Intermediate (WTI) for August fell 1.1% Tuesday.
September Brent crude lost 1.3% to $41.15 a barrel.
Gold Market News
Gold prices are extending gains today. August gold gained 1.1% to $1800.50 an ounce on Tuesday.
Market Analysis provided by IFCMarkets
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