Tin tức

US-Sino Trade Call Bolsters Risk Sentiment; Dollar Eases

Tin tức lưu trữ

2019 2020 2021


Major US stock index futures added to their prior gains following trade talks between China and the United States. China's Vice Premier Liu He had a call over the phase 1 trade deal with the US Trade Representative Robert Lighthizer, and Treasury Secretary Steven Mnuchin. Both sides declared that they saw progress in the implementation of the deal and ensured to provide the perfect medium to continue forward with the implementation. The Dow Jones Industrial Average futures rose to 28478, the highest since the 24th of February, the S&P500 futures rallied to another record high of 3448, and Nasdaq futures tackled yesterday's high, trading at 11688.


The dollar index, which measures the greenback against a basket of major currencies, eased slightly to 93.06 as the US-China trade call lifted risk sentiment. On the other hand, market participants are looking forward to Powell's speech at the Jackson Hole Symposium later this week. The EURUSD inched higher to $1.1834, the GBPUSD rallied to $1.3115, and the risk-sensitive AUDUSD advanced to $0.7182.


Precious metal prices continued to hover in a tight range awaiting fresh fundamental drivers ahead of the Central Bankers event this week. The price of a gold ounce is holding steady near $1930, the price of a silver ounce eased to $26.50, and palladium futures were almost unchanged near $2180.


Oil prices continued to find support from the US tropical storm and hurricane, which affected production in the Gulf of Mexico. Oil producers in the region, shut down more than 50% of their activity, to avoid any losses due to weather. On the other hand, market participants are looking forward to the inventories report from the American Petroleum Institute and the US Energy Information Administration. The West Texas Intermediate October delivery hovered around $42.50, and Brent Blend October delivery rose to $45.31.

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