{"id":170897,"date":"2020-05-21T07:55:11","date_gmt":"2020-05-21T11:55:11","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170897"},"modified":"2020-05-21T07:55:11","modified_gmt":"2020-05-21T11:55:11","slug":"markets-down-ahead-of-weekly-us-jobless-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/markets-down-ahead-of-weekly-us-jobless-report\/","title":{"rendered":"Markets down ahead of weekly US jobless report"},"content":{"rendered":"
May 21, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

Top daily news<\/h2>\n

Equities advance has paused currently <\/strong>across all stock exchanges with US data expected to still show millions more Americans sought unemployment benefits over the last week. Market sentiment was supported by largely positive earnings reports and ongoing re-openings of states as investors monitor the situation with coronavirus outbreak.<\/p>\n

Forex news<\/h2>\n\n\n\n\n\n\n\n
Currency Pair<\/td>\nChange<\/td>\n<\/tr>\n
EUR USD<\/td>\n+0.41%<\/td>\n<\/tr>\n
GBP USD<\/td>\n-0.43%<\/td>\n<\/tr>\n
USD JPY<\/td>\n+0.03%<\/td>\n<\/tr>\n
AUD USD<\/td>\n+0.36%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The Dollar strengthening has resumed today <\/strong>ahead of report expected to show nearly 40 million Americans likely sought unemployment benefits over the last nine 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, lost 0.4% Wednesday as minutes of the Fed\u2019s April\u00a0 policy meeting showed officials discussed how to convince markets that interest rates will stay low for a long time.\u00a0 EUR\/USD <\/a> continued climbing\u00a0 yesterday while GBP\/USD\u2019s<\/a> slipped as euro-zone April inflation was revised down to 0.3% from an initial estimate of 0.4% and\u00a0 \u00a0UK\u2019s consumer price index tumbled to just 0.8% year-on-year in April, down from 1.5% in March. Both pairs are lower currently. AUD\/USD<\/em>\u00a0continued rising yesterday while USD\/JPY<\/em>\u00a0turned lower with the dynamics reversed for the two pairs currently.<\/p>\n

Stock Market news<\/h2>\n\n\n\n\n\n\n\n
Indices<\/td>\nChange<\/td>\n<\/tr>\n
Dow Jones Index<\/td>\n+0.58%<\/td>\n<\/tr>\n
Nikkei Index<\/td>\n-0.57%<\/td>\n<\/tr>\n
Hang Seng Index<\/td>\n-1.07%<\/td>\n<\/tr>\n
Australian Stock Index<\/td>\n-1.23%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Futures on three main US stock indexes are mixed <\/strong>after a surge on Wednesday. The earnings season continues with companies including Home Depot, McDonalds and Blackrock scheduled to report quarterly results today. Stock indexes in US ended sharply higher on Wednesday: the three main US stock indexes recorded gains ranging from 1.5% to 2.1% led by technology shares. European stock indexes\u00a0<\/em>are down currently after a rebound Wednesday. Asian indexes are mostly lower today after Japan reported its April exports plummeted nearly 22% while imports tumbled 7%, the worst monthly readings in more than a decadefor the world\u2019s third largest economy. Shanghai Composite \u00a0<\/em>\u00a0lost 0.6% against the background of a passage of US Senate bill to delist Chinese companies on US exchanges while China\u2019s \u00a0National People\u2019s Congress meets today.<\/p>\n

Commodity Market news<\/h2>\n\n\n\n\n\n
Commodities<\/td>\nChange<\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n+0.45%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n+1.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Brent\u00a0 <\/a> rally continues today following the US Energy Information Administration report Wednesday that US crude oil inventories fell 5 million barrels last week, the second weekly decline after 15 consecutive increases. The US oil benchmark\u00a0\u00a0West Texas Intermediate (WTI) <\/em>\u00a0futures rose yesterday as the EIA reported that domestic oil output fell by 100,000 barrels a day to 11.5 million barrels a day last week: June WTI\u00a0\u00a0<\/em>jumped 4.8% and is rising currently. \u00a0July Brent <\/em>\u00a0crude closed 3.2% higher at $35.75 a barrel on Wednesday.<\/p>\n

Gold Market News<\/h2>\n\n\n\n\n
Metals<\/td>\nChange<\/td>\n<\/tr>\n
Gold<\/td>\n-0.69%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0Gold prices are pulling back today<\/strong>. June gold added 0.4% to $1752.10 an ounce on Wednesday.<\/p>

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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 Equities advance has paused currently across all stock exchanges with US data expected to still show millions more Americans sought unemployment benefits over the last week. Market sentiment was supported by largely positive earnings reports and ongoing re-openings of states as investors monitor the situation with coronavirus outbreak. Forex news […]<\/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-170897","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170897","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=170897"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170897\/revisions"}],"predecessor-version":[{"id":170899,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170897\/revisions\/170899"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}