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2021/08/20 Market Chat

Authored by ZanderVanDerMerwe
20.08.2021
Market Commentary
0
1 min

It was a mixed day on the markets yesterday as a very negative European session was followed by a significant positive US Session, like the Nasdaq, Dow and S&P recovered well to close the day up higher, however, this morning’s Asian session is not doing the indices any favours.

The precious metals remain stuck in a range as no clear direction has been given yet post FOMC meeting minutes. Brent Crude fell further lower as it made a daily low of $65 as demand worries pushed it lower.

Bitcoin and Ethereum recovered well during the day, however, both remain stuck in a daily range after the strong upward movement that we got over the last two weeks.

As we’re waiting for the European markets to open up, the safe-haven currencies are the strongest at the moment as the Swiss Franc and Japanese Yen are the strongest of the major currencies, while the Pound and Australian Dollar are currently the weakest currencies before the open.

Authored by ZanderVanDerMerwe
20.08.2021
Market Commentary
0
1 min

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