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Market Brief: Markets Fall Out Of Bed On A Monday

Published 08/13/2019, 03:14 AM
Updated 07/09/2023, 06:31 AM
GBP/USD
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EUR/GBP
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USD/ARS
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GC
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CL
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XLF
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Daily % Candles (From Asia Open)

  • FX:The GBP was the strongest major currency today – see our take on GBP/USD and EUR/GBP – while the risk-sensitive AUD was the weakest.
  • After an unexpected win for the opposition party this weekend, the Argentine peso dumped 25% against the US dollar at one point (currently -15% on the day).
  • US Cash Indices % Change

  • Commodities: Gold tacked on 1%, supported by global geopolitical tensions. Oil prices finished flat on the day.
  • US indices dropped by more than 1% across the board, driven by risk aversion as the clash between protestors and military in Hong Kong continued to escalate and Argentine markets collapsed.
  • All eleven major sectors closed lower on the day, with REITs (XLRE) falling the least and Financials (Financial Select Sector SPDR (NYSE:XLF)) falling the most as the yield curve continued to flatten.
  • See the key economic data and market trends we’ll be watching in the coming week!
  • Stocks on the Move:

  • Three key Chinese companies report earnings this week – see our full preview.
  • Roku (ROKU) tacked on 7% following an analyst upgrade.
  • Economic Calendar

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