{"id":32861,"date":"2020-08-19T02:11:37","date_gmt":"2020-08-18T22:11:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=32861"},"modified":"2020-08-19T02:11:38","modified_gmt":"2020-08-18T22:11:38","slug":"daily-recap-tuesday-august-18-2020","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/daily-recap-tuesday-august-18-2020\/08\/19\/economic-reports\/daily-economic-reports\/","title":{"rendered":"Daily Recap: Tuesday, August 18, 2020"},"content":{"rendered":"\n<p>It was another weak day for the U.S. Dollar due to selling pressures and a decline in the Treasury Yields, but Wall Street was soaring with tech stocks making big gains and leading the S&amp;P 500 index to finally close at a new record level, recovering all of its losses due to the COVID-19 crisis. Meanwhile, oil prices edged higher and gold was able to build up on yesterday\u2019s gains and closed, once more, above the $2,000 per ounce level. Here is the day\u2019s news recap.<\/p>\n\n\n\n<p><strong>Forex:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/gbp-maintains-gains-amid-usd-weakness\/08\/19\/market-updates\/\">GBP Maintains Gains amid USD Weakness<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/nzd-rises-following-gdt-price-declines\/08\/18\/market-updates\/\">NZD Rises Following GDT Price Declines<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/usd-declines-to-more-than-two-year-low\/08\/18\/market-updates\/\">USD Declines to More than Two-Year Low<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/aud-usd-rises-following-rba-meeting-minutes\/08\/18\/market-updates\/\">AUD\/USD Rises Following RBA Meeting Minutes<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/the-dollar-is-near-its-lowest-level-in-two-years\/08\/18\/market-updates\/\">US Dollar Near its Lowest Level in Two Years<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/the-dollar-is-falling-amid-anticipation-of-us-political-and-economic-developments\/08\/18\/market-updates\/\">USD Declining in Anticipation of Developments<\/a><\/li><\/ul>\n\n\n\n<p><strong>Stocks:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/sp-500-closes-at-new-all-time-high\/08\/19\/market-updates\/\">S&amp;P 500 Closes at New All-Time High<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/european-stocks-finish-lower\/08\/18\/market-updates\/\">European Stocks Finish Lower<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/european-shares-drop-amid-us-chinese-tensions-and-covid-19-cases\/08\/18\/market-updates\/\">European Shares Drop amid US-Chinese Tensions<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/nikkei-drops-and-political-uncertainty-discourages-risk\/08\/18\/market-updates\/\">Nikkei Drops and Political Uncertainty Discourages Risk<\/a><\/li><\/ul>\n\n\n\n<p><strong>Commodities:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/oil-prices-settle-higher-and-await-opec-summit\/08\/19\/market-updates\/\">Oil Prices Settle Higher and Await OPEC+ Summit<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-prices-restore-2000-per-ounce-level\/08\/18\/market-updates\/\">Gold Restores $2,000 per Ounce Level<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-jumps-1-surpassing-2000\/08\/18\/market-updates\/\">Gold Jumps 1% Surpassing $ 2,000<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/oil-retreating-after-gains-due-to-production-cuts\/08\/18\/market-updates\/\">Oil Retreating After Gains Due to Production Cuts<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-futures-room-for-extra-upside\/08\/18\/market-updates\/\">Gold Futures: Room For Extra Upside<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/natural-gas-futures-extra-pullbacks-appear-shallow\/08\/18\/market-updates\/\">Natural Gas Futures: Extra Pullbacks Appear Shallow<\/a><\/li><\/ul>\n\n\n\n<p><strong>Economic Data:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/u-s-housing-starts-rise-more-than-expected\/08\/18\/market-updates\/\">U.S. Housing Starts Rise More than Expected<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/japanese-manufacturers-confidence-improved-slightly\/08\/18\/market-updates\/\">Japanese Manufacturers\u2019 Confidence Improves<\/a><\/li><\/ul>\n\n\n\n<p><strong>News:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/trudeau-appoints-his-deputy-as-finance-minister\/08\/19\/market-updates\/\">Trudeau Appoints His Deputy as Finance Minister<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/canada-finance-minister-resigns-amid-friction-with-trudeau\/08\/18\/market-updates\/\">Canada Finance Minister Resigns<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/china-strongly-rejects-us-measures-against-huawei\/08\/18\/market-updates\/\">China Rejects US Measures Against Huawei<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/russias-novak-tests-coronavirus-positive\/08\/18\/market-updates\/\">Russia\u2019s Energy Minister Tests Positive for COVID-19<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>It was another weak day for the U.S. Dollar due to selling pressures and a decline in the Treasury Yields, but Wall Street was soaring with tech stocks making big gains and leading the S&amp;P 500 index to finally close at a new record level, recovering all of its losses due to the COVID-19 crisis. &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827],"tags":[7028],"class_list":["post-32861","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","tag-daily-recap"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=32861"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32861\/revisions"}],"predecessor-version":[{"id":32862,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32861\/revisions\/32862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31658"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}