World Market News of the 19 August with FXOpen #usdjpy #stoxx600 #stockmarket #xauusd #goldprice
☑️ YEN JUMPS 1% AGAINST DOLLAR AMID BROAD WEAKNESS IN US CURRENCY
The yen gained 1% against the dollar, strengthening to during afternoon trading in Tokyo.
The yen has been rallying on the back of broad dollar weakness as traders prepare for Bank of Japan Governor Kazuo Ueda’s appearance in front of parliament on Aug. 23, and Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole.
The market is awaiting any hints from Ueda on where the BOJ’s rate hike path will go from here.
Source: Bloomberg
☑️ EUROPEAN MARKETS START THE NEW TRADING WEEK IN MIXED TERRITORY
The pan-European Stoxx 600 index was marginally lower in opening deals, down %, with sectors and major bourses diverging. Tech stocks led loses, down %, while mining stocks inched higher, up 0.5%.
European markets closed higher last Friday, rounding off a winning week for global stocks after recent market jitters and volatility.
U.S. stocks posted solid gains last Friday, boosted
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