ASX 200 Index higher by 0.68% on the back of a positive close on Wall Street. Markets brush the pandemic blues aside, focused on economic recoveries. The ASX 200 rose by as much as 1% at the open, recouping some of Wednesday’s losses but the rally has stalled. The moves follow Wall Streets surge late in the session despite the upticks in COVID-19 cases. Tech shares were leading the way, taking the NASDAQ to a fresh record. More on this here: Wall Street Close: Bulls take back the baton, shrug-off 3 million US COVID-19 cases Meanwhile, Melbourne is now in stage 3 lockdown for six weeks and NSW has flagged new restrictions of its own and the Tasmania state of emergency was extended. In commodities, Iron ore hit a 2020 high of $US106.50 a tonne, while gold pushed to new 9-year highs above $US1800 “The surge in COVID-19 infections is gradually gripping the commodity market” analysts at ANZ bank explained. Energy traded in a tight range as the pandemic’s long shadow cooled demand prospects. Metals prices recouped their early session losses, as supply disruption outweighed the demand damage. Bulks are enjoying the broad based rally in the Chinese financial market. Bullion benefitted from safe-haven demand and a weaker US dollar, with the gold price breaking USD1,800/oz. The ANZ China Commodity Index rose by about 1% on Wednesday. ASX 200 Index levels The index is battling on to hold in above a 61.8% Fibonacci retracement of the late June rally ahead of a test of the prior resistance structure of June 15-24th at a 20 hour EMA of 5987. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BOJ’s Kuroda: Ready to easy policy further if needed FX Street 3 years ASX 200 Index higher by 0.68% on the back of a positive close on Wall Street. Markets brush the pandemic blues aside, focused on economic recoveries. The ASX 200 rose by as much as 1% at the open, recouping some of Wednesday's losses but the rally has stalled. The moves follow Wall Streets surge late in the session despite the upticks in COVID-19 cases. Tech shares were leading the way, taking the NASDAQ to a fresh record. More on this here: Wall Street Close: Bulls take back the baton, shrug-off 3 million US COVID-19 cases Meanwhile, Melbourne is now in stage 3 lockdown… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
