Markets trading flat ahead of major risk events later this week

Exclusive Capital Research Team

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Market Brief, Tuesday, 18th of August, 2020

The Nasdaq index made a fresh record high in the early trading hours of the session hitting as high as 11,312 before retreating below the 11,300 level. 

Asian equity markets traded mixed following the indecisive trading session on Wall St, with markets participants cautious ahead of risk events later in the week. The ASX gained 0.9% while the Nikkei traded lower by 0.3%. 

The Dollar Index made a new retreat to 93 as its major counterparts saw gains with the EURUSD pair trading around the 1.19 level near its 2-year highs and GBPUSD closing in on its recent highs around the 1.32 level. 

Crude oil traded relatively flat as market participants are awaiting today's private stockpile reports. WTI crude is currently trading around 42.70 and Brent trading around 45.20. 

Gold recovered near the 2,000 dollars per troy ounce level following last weeks drop from its record high of $2,063 to $1,865 benefitting from safe-haven flows. 

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