RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Currency: sharp decline in the $, gold close to passing the 1760 mark

22/06/2020
Source : zonebourse.com
Categories: Index/Markets

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

Much more volatile session on the FOREX than the previous ones with a Dollar which weakens significantly against all currencies and by -0.7% towards 1.1260/E, which symmetrically benefits gold which climbs by +0.8 % towards $1,760, and which raises the resistance of $1,756 which opposes a new major bullish episode for 10 weeks.

The Dollar is also losing ground (-0.5%) against the Swiss Franc and the Canadian Dollar (at 0.9475 and 1.353 respectively).
It fell -0.85% against the Pound Sterling (1.2460) and only held up against the Yen (-0.1% to 106.9).
The most spectacular fall occurs against the Australian and New Zealand Dollar with -1.25%.

The US figures of the day seem to have had little impact: the Chicago FED index is recovering from -17.9 to +2.6 (better than the -4 expected)

Disappointment on the other hand with the monthly barometer of the NAR (National Association of Realtors) which fell by -9.7% to 3.91 million sales of old homes in annualized number last month.

Economists expected a less marked drop in this indicator, around -3%. Over one year, the fall is -26.6%, the largest since 1982.
No less than 4.3 million home loans are in arrears and 8% of mortgage loans are potentially in default.

The decline in the Dollar symmetrically benefits gold, which climbs by +0.8% towards $1,760, very close to a 3-month resistance (1,755/$1,756) and 1,775 intraday on April 14 and May 18)

Provided by AWS Translate

0 COMMENTAIRE