Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

European shares end the day with solid gains

A.R Chowdhury by A.R Chowdhury
September 7, 2020
Reading Time: 2 mins read
0
European shares end the day with solid gains

German Dax up 1.9%. UK FTSE 100 up 2.3%.

The major European indices are ending the day with solid gains led by the UK’s FTSE 100.

The provisional closes are showing:

  • German DAX, +1.9%
  • France’s CAC, +1.7%
  • UK’s FTSE 100, +2.3%
  • Spain’s Ibex, +1.5%
  • Italy’s FTSE MIB, +1.8%

In the European debt market, the benchmark 10 year yields are ending the day mixed results. The UK and Spain yields are down marginally while Germany, France, Italy are marginally higher.

German Dax up 1.9%. UK FTSE 100 up 2.3%. The price action in the major currencies vs. the US dollar has been steady in the London afternoon session. At the start of the session, the changes for the day showed:
  • EURUSD, -13 pips
  • GBPUSD, -110 pips
  • USDJPY, unchanged
  • USDCHF, +6 pips
  • USDCAD, +31 pips
  • AUDUSD unchanged
  • NZDUSD, -20 pips

The current snapshot of the major currencies now shows:

  • EURUSD -20 pips.  Down 7 pips in the afternoon session
  • GBPUSD -119 pips, Down 9 pips in the afternoon session
  • USDJPY +4 pips, Up 4 pips in the afternoon session
  • USDCHF +21 pips.  Up 15 pips in the afternoon session.
  • USDCAD +22 pips.  Down 9 pips in the afternoon session
  • AUDUSD -3 pips.  Down 3 pips in the afternoon session
  • NZDUSD -26 pips.  Down 6 pips in the afternoon session

Not surprisingly, the changes are not that great, but the USD is still marginally higher and it is now the strongest of the major currencies.

The strongest and weakest of the major currency pairs.

In other markets as London/European traders look to exit:

  • spot gold is trading down $3.70 or -0.19% $1930.27
  • spot silver is trading down 1.3 cents or -0.05% at $26.89
  • WTI crude oil futures are trading down $0.72 or -1.81% at $39.05
  • E-mini futures are trading up 18.25 points.  At the start of the London afternoon session the index was trading up 6.5 points.
Once again the NASDAQ, S&P and Dow industrial average are not trading today. The US debt market is also on holiday in observance of Labor Day.

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
AUD/USD runs into near-term resistance to start the session, what to look out for today?

AUD/USD runs into near-term resistance to start the session, what to look out for today?

Oil slips by over 3% as risk skids in European morning trade

Oil slips by over 3% as risk skids in European morning trade

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

EURJPY cracks below the 200 hour MA for the first time since July 30

August 10, 2020
USDCHF moves up to test the July high and backs off

USDCHF moves up to test the July high and backs off

September 16, 2021
GBPUSD moves toward the 2019 high price

GBPUSD moves toward the 2019 high price

September 2, 2020

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.