Daily Markets Broadcast August 20, 2019
Wall Street stocks climbed yesterday after the Trump Administration announced a 90-day extension that allows it to do some business with US customers. The hit a 2019 high as longer-dated US yields rose, which clobbered .
US30USD Daily Chart
The index rose for a third day yesterday, hitting the highest in almost a week amid better risk appetite.The index is rising toward the 55-day moving average at 26,544, which has capped prices for the past 11 trading sessions.US data releases are mostly second-tier today with the weekly Redbook index the only item of note. Fed’s Quarles is scheduled to speak.
DE30EUR Daily Chart
The index rose for a second day yesterday, buoyed by increasing expectations of central bank easing and fiscal stimulus packages in the near future.The index closed above the 200-day moving average at 11,662 for the first time in a week.Germany’s are expected to rise 0.1% m/m in July, the latest survey of economists suggests. That’s a sharp rebound from June’s -0.4% m/m and would be the first positive reading in three months.
Daily Chart
retreated for a second straight day yesterday as the US dollar reached a 2019 zenith amid firmer longer-dated US yields. The US yield closed at 2.07% yesterday. It was at 1.97% in August 15.The precious metal is coming off 6-1/2 year highs and is dropping toward the 55-day moving average at 1,419, which has supported prices since June 3.Speculative investors turned net sellers of gold for the first time in five weeks, according to the latest data snapshot as at August 13 from . Net long positions pulled back from the highest since September 2016.
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