Markets mixed as Democratic Convention starts - 18.8.2020

IFC Markets

Master Trader
Oct 31, 2012
London (Great Britain)
Top daily news

Global markets are mixed currently after a mixed session on Monday. US equities ended mostly higher Monday while Dow pulled back as former first lady Michelle Obama called Trump “the wrong president for our country” in a video speech as the virtual Democratic National Convention started.
Forex news
Currency PairChange
EUR USD+0.18%
GBP USD+0.42%
USD JPY-0.51%
The Dollar weakening persists 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, slid 0.3% Monday despite a stronger than expected home builder confidence in the newly built, single-family home market in August, while the Empire State index fell 13.5 points to 3.7 in August, indicating a slower pace of growth. EUR/USD and GBP/USD continued climbing Monday. Both pairs are higher currently. AUD/USD continued advancing yesterday while USD/JPY continued sliding with the dynamics intact for both pairs currently.
Stock Market news
Dow Jones Index-0.35%
GB 100 Index-0.12%
Nikkei Index-1.25%
Hang Seng Index-0.45%
Futures on three main US stock indexes are mixed currently ahead of the housing starts and building permits reports at 16:30 CET today. The three main US stock indexes posted returns ranging from -0.3% to 1.0% Monday. European stock indexes are advancing currently after retracing higher yesterday led by basic resources shares. Asian indexes are mixed today with Nikkei extending losses joined by Hong Kong’s Hang Seng Index .
Commodity Market news
Brent Crude Oil+0.42%
WTI Crude+0.28%
Brent is pulling back today. Oil prices ended solidly higher on Monday after reports Friday Chinese state-owned oil companies had tentatively booked tankers to carry at least 20 million barrels of US crude oil in August and September. The US oil benchmark West Texas Intermediate (WTI) for September rose 2.1% Monday but is down currently. October Brent crude added 1.3% to $45.37 a barrel on Monday.
Gold Market News
Gold prices are extending gains today. December gold surged 2.5% to $1998.70 an ounce on Monday.