Financial Markets Daily

As investors continued to focus on U.S. fiscal stimulus on Monday, U.S. stocks were mixed, while tensions between China and the U.S. escalated and the dollar rose to a one-week high, spot gold fell again to close below $2,030.

Close of Major Currencies and Commodities on August 10:

Forex: EUR/USD at 1.1738; GBP/USD closed at 1.3063; The Australian dollar closed at 0.7148 US dollars; Usd/JPY closed at 105.95; Usd/Cad closed at 1.3355; The dollar closed at 0.9155 Swiss franc.

Commodities: Spot gold closed at $2,027.01 an ounce; Gold futures at $2039.70 / oz on Comex; Spot silver closed at $29.10 an ounce; Silver futures closed at $29.261 an ounce on Comex. Brent crude was at $44.94 a barrel. NYMEX crude closed at $41.94 a barrel.

In the currency market

Euro: The euro fell against the dollar for a second day, closing down 0.41% at $1.1738. Technically, the pivot point of the currency is at 1.1757, the initial resistance to its upward movement is at 1.1779, the further resistance is at 1.1822, and the key resistance is at 1.1844. The initial support is at 1.1714, further support is at 1.1692, and more critical support is at 1.1649.

Sterling: GBP/USD turned higher, closing up 0.09% at 1.3063. Technically, the pivot point of the currency is at 1.3064, the initial resistance to the upward movement of the exchange rate is at 1.3110, further resistance is at 1.3149, and the key resistance is at 1.3195. The initial support is at 1.3025, further support is at 1.2979, and more critical support is at 1.2940.

Yen: USDJPY gained for the second day in a row, closing up 0.04% at 105.95. Technically, the pivot point of the currency is at 105.93, the initial resistance to its upward movement is at 106.17, the further resistance is at 106.43, and the key resistance is at 106.66. Initial support for the lower exchange rate is at 105.67, further support is at 105.44, and more critical support is at 105.18.

The stock market

New York (AP) — Stocks were mixed Monday, with the S&P 500 up 9.20 points, or 0.27%, at 3,360.47. The Nasdaq closed down 42.60 points, or 0.39%, at 10,968.36. The Dow Jones Closed up 358.00 points, or 1.30%, at 27791.44.

London (Marketwatch) – European stocks edged higher on Monday as investors priced in hopes of a new round of U.S. stimulus. The Pan-European Stoxx 600 index closed up 1.10 points, or 0.30%, at 364.65. Germany’s DAX index closed up 12.65 points, or 0.10%, at 12,687.53. Britain’s FTSE 100 index closed up 18.41 points, or 0.31%, at 6,050.59. The Cac-40 index in France closed up 19.99 points, or 0.41%, at 4,909.51. Spain’s IBEX35 index closed up 104.50 points, or 1.50%, at 7055.00. Italy’s FTSE closed up 135.14 points, or 0.69 per cent, at 19,651.57. In Europe, the Stoxx 50 index closed up 9.00 points, or 0.28%, at 3,261.65.

Commodity markets

Spot gold opened at $2,033.19 an ounce on Monday morning in Asia, rising as high as $2,049.70, and as low as $2,08.90, down $7.60, or 0.37 percent, to close at $2,027.01 an ounce.

COMEX Gold futures for December delivery closed up 0.6 percent at $2,039.70 an ounce.

Oil prices closed higher on Monday after data showed factory activity in China returning to pre-epidemic levels and signs of increased energy demand. U.S. WTI crude for September ended up 72 cents, or 1.7%, at $41.94 a barrel. Brent crude for October delivery rose 59 cents, or 1.3 percent, to $44.94 a barrel. WTI crude futures were still up 2.4 per cent last week and cloth oil was up 2.5 per cent.

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