October 1, 2020
Top daily news
Stock market advance continues currently after a bullish session Wednesday on additional stimulus hopes. Tesla rose 2.37% outperforming the market, while Amazon shares rose 0.12% -underperforming.
Forex news
Currency Pair | Change |
EUR USD | +0.03% |
GBP USD | +0.62% |
USD JPY | +0.13% |
The Dollar weakening continues currently ahead of the US Labor Department report at 16:30 CET expected to show 850 thousand Americans likely sought unemployment benefits over the last week, down from 870 thousand the previous week, while ISM Manufacturing PMI report is due at 18:00 CET . 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% Wednesday despite a stronger than expected Chicago-area business activity in September as Chicago PMI jumped to 62.4 from 51.2, while pending home sales in August continued to rise at record pace. EUR/USD joined GBP/USD’s continued climbing yesterday as German retail sales rose 3.1% over month in August when an 0.4% gain was forecast. Both pairs are higher currently. AUD/USD continued climbing while USD/JPY reversed its rising yesterday with the dynamics reversed for USD/JPY again currently.
Stock Market news
Indices | Change |
Dow Jones Index | +0.65% |
Australian Stock Index | +0.98% |
Hang Seng Index | +0.79% |
Futures on three main US stock indexes are up currently after rebounding on Wednesday after Treasury Secretary Mnuchin said he was hopeful about striking a deal as House Democrats unveiled a new $2.2 trillion bill late Monday. The three main US stock indexes recorded gains ranging from 0.7% to 1.2%. European stock indexes are rising currently after advancing Wednesday. Asian indexes are mostly higher today in thin trading led by Australia’s S&P/ASX 200 All Ordinaries index as Tokyo stock exchange was closed due to technical problems.
Commodity Market news
Commodities | Change |
Brent Crude Oil | -0.23% |
WTI Crude | -0.28% |
Brent is pulling back today. US Energy Information Administration reported US crude inventory fell by 2 million barrels last week, third weekly decline in a row. Prices ended higher Wednesday. The US oil benchmark West Texas Intermediate (WTI) futures gained: November WTI rose 2.4% but is lower currently. December Brent crude closed 1.8% higher at $42.30 a barrel on Wednesday.
Gold Market News
Metals | Change |
Gold | +0.02% |
Gold prices are rebounding today. December gold lost 0.4% to $1895.50 an ounce on Wednesday.
Market Analysis provided by IFCMarkets.com
- Today most financial markets are closed due to the Good Friday holiday Mar 29, 2024
- Gold’s Price Reaches New Heights Amid Global Market Uncertainty Mar 29, 2024
- AI Revolution and NVDA: Why Tough Going May Be Ahead Mar 28, 2024
- GBP Consolidates Amid Concerns Over Economic Growth and Wage Trends Mar 28, 2024
- The Australian and German indexes set all-time highs. The Reserve Bank of South Africa kept the rate at 8.25% Mar 28, 2024
- Target Thursdays: EURGBP, GBPUSD & Crude hit targets! Mar 28, 2024
- EURSEK: Hits fresh 2024 high at 200-day SMA Mar 27, 2024
- Australia has seen a decline in inflationary pressures. Japan may conduct currency intervention shortly Mar 27, 2024
- Australian Dollar Slides to Three-Week Low Mar 27, 2024
- Trade restrictions between the US and China are intensifying. Japan’s currency diplomats talk about possible intervention to support the yen Mar 26, 2024