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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Market Brief Markets Fall Out of Bed on a Monday

Article By: ,  Head of Market Research
August 12, 2019 5:06 PM

Market Brief: Markets Fall Out of Bed on a Monday
  • FX: The GBP was the strongest major currency today – see our take on GBP/USD and EUR/GBP – while the risk-sensitive AUD was the weakest.
  • After an unexpected win for the opposition party this weekend, the Argentine peso dumped 25% against the US dollar at one point (currently -15% on the day).
  • Commodities: Gold tacked on 1%, supported by global geopolitical tensions. Oil prices finished flat on the day.

 

  • US indices dropped by more than 1% across the board, driven by risk aversion as the clash between protestors and military in Hong Kong continued to escalate and Argentine markets collapsed.
  • All eleven major sectors closed lower on the day, with REITs (XLRE) falling the least and Financials (XLF) falling the most as the yield curve continued to flatten.
  • See the key economic data and market trends we’ll be watching in the coming week!
  • Stocks on the Move:
    • Three key Chinese companies report earnings this week – see our full preview.
    • Roku (ROKU) tacked on 7% following an analyst upgrade.

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