{"id":170525,"date":"2020-05-14T07:27:46","date_gmt":"2020-05-14T11:27:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170525"},"modified":"2020-05-14T07:27:46","modified_gmt":"2020-05-14T11:27:46","slug":"markets-down-as-hopes-of-quick-recovery-dashed","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/markets-down-as-hopes-of-quick-recovery-dashed\/","title":{"rendered":"Markets down as hopes of quick recovery dashed"},"content":{"rendered":"
May 14, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Top daily news<\/h2>\n
Global markets\u2019 retreat continues currently across all stock exchanges with US data expected to show millions more Americans sought unemployment benefits over the last week. The sentiment turned markedly bearish yesterday after Fed chair Powel\u2019s comments provided no ground for expectations of quick economic recovery.<\/div>\n<\/div>\n<\/div>\n
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Forex news<\/h2>\n
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\n\n\n\n\n\n\n
Currency Pair<\/td>\nChange<\/td>\n<\/tr>\n
EUR USD<\/td>\n-0.23%<\/td>\n<\/tr>\n
GBP USD<\/td>\n-1.9%<\/td>\n<\/tr>\n
USD JPY<\/td>\n-0.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The Dollar <\/b> strengthening is intact today ahead of expectations data will show 36 million Americans likely sought unemployment benefits over the last eight weeks. The live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, rose 0.2% Wednesday as Fed chair Powell said not to expect negative interest rates while additional government aid may be \u201cworth it\u201d. President Trump had tweeted on Tuesday that the \u201c USA should also accept the \u201cGIFT\u201d. Big numbers!\u201d referring to the benefits of negative rates other countries are already receiving. Goldman Sachs says a second wave of coronavirus could make the Fed reconsider negative interest rates. EUR\/USD <\/a> joined GBP\/USD\u2019s<\/a> and continued sliding yesterday with both pairs lower currently. Pound got a headwind after report yesterday UK gross domestic product contracted by 5.8% over month in March, the sharpest monthly decline on record. Both USD\/JPY<\/em> and AUD\/USD<\/em> continue falling even after Australia\u2019s unemployment came in not as high as feared.<\/div>\n<\/div>\n<\/div>\n
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Stock Market news<\/h2>\n
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\n\n\n\n\n\n\n\n
Indices<\/td>\nChange<\/td>\n<\/tr>\n
Dow Jones Index<\/td>\n-0.21%<\/td>\n<\/tr>\n
Nikkei Index<\/td>\n+0.44%<\/td>\n<\/tr>\n
Hang Seng Index<\/td>\n-0.99%<\/td>\n<\/tr>\n
Australian Stock Index<\/td>\n-0.48%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Futures on three main US stock indexes<\/b> are extending losses after a selloff on Wednesday. The earnings season continues with companies including Intel, Ford and Merck scheduled to report quarterly results today. Stock indexes in US ended sharply lower on Wednesday : the three main US stock indexes recorded losses ranging from 1.5% to 2.2% with American Express, Raytheon Technologies and Dow shares leading the retreat with losses exceeding 4%. European stock indexes <\/em> are down currently after a three-session losing streak Wednesday. Asian indexes are falling today ahead of Japanese government announcement on easing of the nationwide \u201cstate of emergency.\u201d NIKKEI <\/em> is the loss leader currently down 1.7%.<\/div>\n<\/div>\n<\/div>\n
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Commodity Market news<\/h2>\n
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\n\n\n\n\n\n
Commodities<\/td>\nChange<\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n+1.78%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n+1.64%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Brent <\/a> is rebounding today following the US Energy Information Administration report Wednesday that US crude oil inventories fell an unexpected 700 thousand barrels last week, the first weekly decline after 15 consecutive increases. The US oil benchmark West Texas Intermediate (WTI) <\/em> futures retreated yesterday as the Commodity Futures Trading Commission warned oil futures contracts could end up in negative territory again: June WTI <\/em> lost 1.9% but is rising currently. July Brent <\/em> crude closed 2.6% lower at $29.19 a barrel on Wednesday.<\/div>\n<\/div>\n<\/div>\n
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Gold Market News<\/h2>\n
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Metals<\/td>\nChange<\/td>\n<\/tr>\n
Gold<\/td>\n+0.06%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Gold <\/b> prices are extending gains today. June gold added 0.6% to $1716.40 an ounce on Wednesday.<\/div>\n<\/div>\n<\/div>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Top daily news Global markets\u2019 retreat continues currently across all stock exchanges with US data expected to show millions more Americans sought unemployment benefits over the last week. The sentiment turned markedly bearish yesterday after Fed chair Powel\u2019s comments provided no ground for expectations of quick economic recovery. Forex news Currency Pair Change […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-170525","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=170525"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170525\/revisions"}],"predecessor-version":[{"id":170527,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170525\/revisions\/170527"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}