Top daily news

Global markets are advancing today after US markets recovered most of Friday losses. US equities advanced Monday led by industrial shares with technology shares recovery to date outpacing that of peers in the environment of increasing usage of online communications under conditions of partially operating economies as coronavirus outbreak continues.

 

Forex news

Currency Pair Change
EUR USD -0.95%
GBP USD 0.28%
USD JPY 0.14%

The Dollar strengthening continues today. 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 0.02% Monday after the National Association of Realtors report pending home sales in May jumped 44.3% over the month, though still down 5.1% against the same time last year. GBP/USD continued falling Monday while EUR/USD continued rising as euro-zone’s economic sentiment improved in June. Both pairs are lower currently. Both USD/JPY and AUD/USD reversed their sliding yesterday with both yen and Australian dollar lower against the greenback currently.

 

Stock Market news

Indices Change
Dow Jones Index 0.58%
GB 100 Index -0.86%
Nikkei Index -1.81%

Futures on three main US stock indexes are mixed currently ahead of speeches by Federal Reserve Bank of New York President Williams and Governor Brainard later today. Stock indexes in the US rebounded Monday: the three main US stock indexes posted gains ranging from 1.2% to 2.3%. European stock indexes  are edging lower currently after a rebound on Monday led by bank shares. Asian indexes are recovering today led by Australia’s All Ordinaries ASX 200 Index as activities in both China’s manufacturing and services sectors continued expanding in June.

 

Commodity Market news

Commodities Change
Brent Crude Oil 1.02%
WTI Crude -1.26%

Brent is edging lower today. Oil prices ended higher on Monday against the background of signs of improving global oil demand as economies reopened as evidenced by the rise in industrial profits in China for May. The US oil benchmark West Texas Intermediate (WTI) for August rose 3.1% Monday. August Brent crude climbed 1.7% to $41.71 a barrel on Monday.

 

Gold Market News

Metals Change
Gold -0.02%

Gold prices are retracing lower today. August gold gained 0.05% to $1781.20 an ounce on Monday.

 


 

Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.

This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

AUD/USD: Bears trying to sneak in below 0.6950 but bulls give a healthy fight

AUD/USD kick-starts the week with a gap-down, seesaws around 0.6930 afterward. A surge in the virus cases, hospitalizations in the US, escalating Sino-American tension question market sentiment. 

AUD/USD News

USD/JPY slightly offered in the open, eyes on coronavirus headlines

The yen has picked up a start of the week bid across the board, moving up against the US dollar by 5 pips to a low of 107.42 from high of 107.47, falling further away from the end of week 107.50s. 

USD/JPY News

What you need to know for the open: Summer lull or a COVID-19 tidal wave of panic-vol?

AUD/USD is the currency pair in focus for this week. Coronavirus developments vs economic recovery are on every trader's playbook. Key data for the week will kick in with US jobs updates, ISM Manufacturing and the RBA meeting. 

Read more

Gold: Buyers can ignore soft weekly open below $1,775

Gold prices offered a downside gap near $1,774 to kick-start with the week on a back foot. Pandemic fears, geopolitical tensions keep safe-haven buyers strong amid global policymakers’ fight against economic suppression.

Gold News

S&P 500: Futures struggle to refresh two-week top

S&P 500 Futures prints mild loss of 0.10% while declining to 3,126 during the initial hour of Tokyo session on Friday. In doing so, the risk barometer fails to extend the previous four-day winning streak.

Read more

Forex Majors

Cryptocurrencies

Signatures