Top daily news
Global markets are advancing currently after a bullish session on Monday as Republicans opened their national convention in Charlotte, North Carolina. Republicans formally nominated President Trump for another term. President Trump said Democrats are “ using COVID to defraud the American people - all of our people - of a fair and free election.”
Forex news
| Currency Pair | Change |
|---|---|
| EUR USD | +0.36% |
| GBP USD | -0.88% |
| USD JPY | +0.36% |
The Dollar strengthening has reversed 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, added 0.1% Monday despite a Federal Reserve report the Chicago Fed’s national activity index fell to 1.18 in July from a revised record-high of 5.33 in June. A zero value of the index indicates the national economy is expanding at its historic trend rate of growth. EUR/USD and GBP/USD continued sliding Monday. Both pairs are higher currently. AUD/USD joined USD/JPY’s continued advancing yesterday with the dynamics intact for both pairs currently.
Stock Market news
| Indices | Change |
|---|---|
| Dow Jones Index | +0.24% |
| GB 100 Index | +0.84% |
| Nikkei Index | +1.35% |
Futures on three main US stock indexes are rising currently ahead of the Conference Board’s consumer confidence report at 18:00 CET today. US stocks notched a fresh record Monday as the three main US stock indexes posted gains ranging from 0.6% to 1.4% in broader-based market advance including shares in airline and technology sectors. European stock indexes are extending gains currently after rebounding yesterday in a broad based advance. Asian indexes are mostly higher today with Nikkei leading advancers after reports senior US and Chinese officials “see progress” in implementing Phase 1 Sino-US trade deal as US Trade Representative Lighthizer and Treasury Secretary Mnuchin spoke with Chinese Vice Premier Liu He in a “regularly scheduled call” on Monday.
Commodity Market news
| Commodities | Change |
|---|---|
| Brent Crude Oil | +0.22% |
| WTI Crude | +0.4% |
Brent is extending gains today. Oil prices ended higher on Monday as a pair of tropical storms closed in on the Gulf of Mexico. The Bureau of Safety and Environmental Enforcement reported Sunday that 57.6% of current Gulf oil production has been shut in, along with 44.6% of natural-gas output. That amounts to around 1.1 million barrels a day of oil output. The US oil benchmark West Texas Intermediate (WTI) for October rose 0.5% Monday but is down currently. October Brent crude added 1% to $44.78 a barrel on Monday.
Gold Market News
| Metals | Change |
|---|---|
| Gold | +0.32% |
Gold prices are edging higher today. December gold declined 0.4% to $1939.20 an ounce on Monday.
https://www.ifcmarkets.com/en/market-overview/market-overview-25-08-2020