- Stock markets are mostly drifting on low volatility, but the NASDAQ 100 index of technology stocks closed yesterday at a new all-time high price.
- The U.S. stock market’s S&P 500 Index again flirted with making a new all-time high yesterday but failed to do so.
- The U.S. Dollar is selling off firmly again, in line with the long-term bearish trend established over recent weeks following last month’s “death cross” in the USDX
- The EUR/USD currency pair has broken above its former resistance level at 1.1863 and will look bullish if it closes in New York today above 1.1876
- WTI Crude Oil ended yesterday at a new 5-month high price above $42.50 per barrel
- The Australian Dollar has risen after the RBA released its policy meeting minutes, stating that the Australian economic downturn had not been as severe as had been expected
- Coronavirus global death tolls are showing signs of beginning to fall, with deaths in Latin America and the Caribbean at 44% of the global daily total, well exceeding those in both the U.S.A. (18%) and Europe (approx. 5%) which shows that the epicenter of the pandemic is well established in Latin America. Deaths in the U.S.A. have stabilized over the past three weeks
- Total confirmed new coronavirus cases stand at over 21.8 million with an average case fatality rate of 3.54%. The number of daily new cases seems to be falling off the all-time high made on 31st July. Global mortality over recent weeks is lower than it was during the first peak in April.
- The U.S.A. continues to see more new coronavirus deaths than any other country, closely followed by Brazil
- The rate of new coronavirus infections appears to now be increasing most quickly in Albania, Austria, the Bahamas, Belgium, Belize, Brazil, Burkina Faso, Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Ethiopia, France, Georgia, Greece, Guatemala, Hungary, India, Indonesia, Iraq, Japan, Jordan, Lebanon, Mexico, Moldova, Morocco, Nepal, Netherlands, Panama, Paraguay, Peru, Philippines, Poland, Romania, Senegal, Slovakia, South Korea, Sudan, Trinidad, Tunisia, Ukraine, the United Kingdom, and Venezuela.