A volatile session for the markets -- Wednesday Review, August 19

August 25, 2020
A volatile session for the markets -- Wednesday Review, August 19

American equities plummeted as there seems to be no hope in sight


The markets grew awaiting the latest European Central Bank monetary policy which was due to be published this Thursday. Europe50 traded 0.3% higher. Germany30 and France40 rose 0.1% each. UK100 went up 0.2%.

EUR/USD added 0.1% at 1.1932.

The US

The Federal Reserve meeting minutes released yesterday brought more uncertainty regarding economic recovery. USA30 fell 0.31%, while USA500 lost 0.39%. TECH100 also lost 0.57%.

Gold was brought lower by 1.1% and settled at $1,943.27.

Oil traded 0.6% lower at $42.85, while Brent lost 0.7% to $45.16 per barrel.

The Dollar Index jumped 1% to 93.

Asia and Australia

Banks continue injecting money into their battered economies, bringing the markets closer to a seven-month high. HongKong45 lost 0.9%, Japan225 rose 0.25%.

Australia200 grew 0.8%. USD/JPY remained silent at 105.50.

AUD/USD traded at $0.7250.

Sources: reuters.com, investing.com

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