Market News & Updates


MARKET WRAP: Stocks Moved Lower, Euro and Gold Reclaimed Victory

08/04/2019 15:31

*Stocks failed to keep the momentum going *Gold moved higher ahead of the FOMC minutes * Sterling and Euro back in the positive territory 


  • The S&P 500 Index fell 0.21 percent as 15:43 London time, failed to build on the momentum from the last week.
  • The Stoxx Europe 600 Index dropped 0.28 percent ahead of the ECB meeting due on Wednesday.
  • Germany’s DAX Index fell 0.4 percent, breaking its five consecutive days of rally.
  • The MSCI Emerging Market Index jumped 0.2 percent, touching the strongest mark in nearly eight months.


  • The Dollar Spot Index slumped 0.40 percent ahead of the FOMC minutes.
  • The Euro moved higher 0.5 percent to $1.1269, the highest level in almost two weeks.
  • The British pound increased 0.11 percent to $1.3052.
  • The Japanese yen moved higher 0.31 percent to 111.39 per dollar.


  • The yield on 10-year Treasuries jumped one basis point to 2.51 percent.
  • Germany’s 10-year yield dropped one basis point to 0.004 percent.
  • Britain’s 10-year yield dropped one basis point to 1.104 percent.


  • West Texas Intermediate crude continued its uptrend and jumped 1.76 percent to $64.18 a barrel, the strongest in five months.
  • Gold reclaimed its 1300 mark and advanced 0.71 percent to $1,304 an ounce

Fundamental Analysis 

Naeem Aslam
The Smart Way To Trade The Markets