Here’s what you need to know on Wednesday August 26:
Optimism linked to United States-China the trade relationship kept the markets in an atmosphere of risk throughout the first half of the day. Representatives from both sides made positive comments after speaking by phone on Monday evening. “The two sides see progress and are committed to taking the necessary steps to ensure the success of the agreement,” said US Trade Representative Robert Lighthizer, while the Chinese Ministry of Commerce called the negotiations ” constructive dialogue “.
Positive market mood eased after US exit CB consumer confidence, which fell to a new pandemic low in August, down to 84.8 from 91.7 previously. The dollar subsequently rose as stocks retreated from intraday highs, but gains were limited.
Major pairs remain in familiar levels throughout the day, unable to set a new direction. EUR / USD continues to hold above the 1.1800 level, but lacks momentum. GBP / USD rose slightly but remains below 1.3200.
Wall Street ended the mixed day with the DJIA losing ground, but the S&P in the green after hitting a record for a third consecutive session.
US Treasury yields hit new highs within a week, reflecting the optimism in power.
Gold prices were flat for a third consecutive day, ending the day unchanged around $ 1,930 per troy ounce.
Crude oil prices hit new weekly highs, holding their gains at the end of the day.
Cryptocurrencies fell sharply, reducing losses before the close.