Friday 25.09.2020
Asian Session
Shares of Australia’s “Big Four” major banks increased even higher today trading session, after country’s authorities reported changes to simplify credit access for consumers and small-size businesses. Hong Kong’s Hang Seng index was down about 0.4%, while equities in Mainland China were also lower, with the Shanghai composite down 0.24%.In Japan, the Nikkei225 index rose by 0.51% and South Korea’s Kospi index added 0.27%.
| Asian Stock | Closed |
| Nikkei | -1.11% |
| Hong Kong HSI | -1.89% |
| China Shanghai SSE | -1.72% |
| KOSPI – South Korea | -2.54% |
US Stocks
US equities began today slightly higher on early trading session, as the stocks benchmarks tried to avoid a fourth day in a row of losses. The main losses for US stocks indexes came out from megacap technology stocks, which carry heavy weight in the benchmarks. House Democrats are preparing a $2.4 trillion relief package that they could vote on as soon as next week.
| U.S Stocks | Closed |
| DOW | +0.20% |
| S&P500 | +0.30% |
| NASDAQ | +0.37% |
Major Currencies
Euro/Dollar paused the losses yesterday after three consecutives days of losses where the pair reached the price level of 1.163 major inside yearly support. The next upside target emerges at 1.1700, FXStreet’s Pablo Piovano briefs. Pound/Dollar still holds many support levels at 1.2721/1.2655, but in case the pair manage to break above 1.2777/81 will then be less attractive the 1.272 as support level area, according to the Credit Suisse analyst team. Dollar/Yen faces potential extra gains on a break above the 106.00-mark, suggested FX Strategists at UOB Group. A short term and a moderate intraday pullback observed on the pair from the 105.5-55 supply zone. Investors now look forward to the US Durable Goods Orders data for some trading impetus.
Gold Market
Spot gold advanced by 0.1% to $1,869.47 per ounce by early trading session and was trying to recover from the recent lows of $1985. But on a weekly basis, prices are down 4.1% so far and US gold on futures markets were down by 0.4% to $1870 per ounce. Next critical support level remains at $1800, a price area where a lot of buyers are being prepared to get in the market aggressively. If Democrats in the U.S. agreed to provide further stimulus package which is expected to be around $2.2 trillion then gold might rebound and try to hit another high.
Oil Market
Brent crude was up 17 cents at $42.11 per barrel by early trading session, while US West Texas Intermediate crude oil has gained 16 cents to $40.47 per barrel. Brent losing approximately 2.5% this week, while WTI around 1.5%. Taking into consideration the fundamental side of oil prices nothing major thing has changed regarding the oil supply.
European Stocks
Markets are searching for direction as investors monitor the spread of coronavirus and the development of a possible vaccine across the European zone and a late upswing for U.S. tech equities yesterday. The pan-European Stoxx 600 inched 0.1% above the flatline in early trading session, with telecoms shares adding 0.8% while technology stocks fell by 0.5%.
On the data front 25-09-2020
| Time (GMT+3) | Event | Impact |
| 03:00 am | EUR EU Leaders Special Summit | High |
| 15:30 pm | USD Durable Goods Orders (Aug) | High |
| 15:30 pm | USD Nondefense Capital Goods Orders ex Aircraft (Aug) | High |
