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2021/08/17 Market Analysis

Authored by TD Markets
17.08.2021
Market Analysis
0
2 min

There was some positivity in the markets yesterday following a strong selloff during the US Open, the American indices all managed to close the day out higher. The Nasdaq edged closer to the top of its daily range, while the Dow closed the day out near Friday’s high. The European indices did not recover quite as well yesterday as the FTSE and Dax both closed the day negative and continued selling off this morning.

The precious metals recovered well at the start of the week as Gold and Silver continue to edge higher as gold is edging toward the $1800 mark following the strong selloff from the NFP figures. Brent sold off aggressively yesterday afternoon, making a daily low of $67.90 before closing the day out on $69.40.

Bitcoin and Ethereum declined slightly yesterday however it remains stable in and around its recent highs following the selloff in the alternative asset that we saw during the course of May.

As we’re waiting for the European markets to open up the Euro, Pound and US Dollar are currently the strongest currencies while the Australian, New Zealand and Canadian Dollar are currently the weakest currencies. Retail Sales are due out of America today and Fed Chair Powell is due to speak later on this evening as he’s set to speak at an online town hall event.

Authored by TD Markets
17.08.2021
Market Analysis
0
2 min

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