{"id":32929,"date":"2020-08-20T02:04:46","date_gmt":"2020-08-19T22:04:46","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=32929"},"modified":"2020-08-20T02:04:48","modified_gmt":"2020-08-19T22:04:48","slug":"daily-recap-wednesday-august-19-2020","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/daily-recap-wednesday-august-19-2020\/08\/20\/economic-reports\/daily-economic-reports\/","title":{"rendered":"Daily Recap: Wednesday, August 19, 2020"},"content":{"rendered":"\n<p>The release of the Federal Reserve July meeting minutes dominated the market today, helping the USD go higher and, accordingly, gold closing lower. Meanwhile, expectations by the monetary policymakers that the COVID-19 health crisis will weigh on the economy led to Wall Street closing in red, while oil prices showed a mixed performance following a draw in US inventories. Here is the day&#8217;s 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\/dollar-rises-ahead-of-fomc-meeting-minutes\/08\/19\/market-updates\/\">Dollar Rises Ahead of FOMC Meeting Minutes<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/pboc-sets-yuan-reference-rate-at-6-9168\/08\/19\/market-updates\/\">PBOC Sets Yuan Reference Rate at 6.9168<\/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\/wall-street-closes-in-red-following-fed-minutes\/08\/20\/market-updates\/\">Wall Street Closes in Red Following Fed Minutes<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/banks-lead-gains-in-european-stock-markets\/08\/19\/market-updates\/\">Banks Lead Gains in European Stock Markets<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/japans-nikkei-index-rises-after-gains-in-us-technology\/08\/19\/market-updates\/\">Japan\u2019s Nikkei Rises after Gains in US Tech<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/european-stocks-weaken-after-wall-street-rally\/08\/19\/market-updates\/\">European Stocks Weaken after Wall Street Rally<\/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-continues-to-struggle-for-direction\/08\/20\/market-updates\/\">Oil Continues to Struggle for Direction<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-settles-lower-as-usd-strengthens\/08\/20\/market-updates\/\">Gold Settles Lower as USD Strengthens<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/us-crude-inventories-falls-by-1-6-m-barrels-in-week\/08\/19\/market-updates\/\">US Crude Inventories Falls by 1.6 M Barrels in Week<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/opec-jmmc-meeting-is-scheduled-today-wti-waiting-for-data\/08\/19\/market-updates\/\">OPEC+ Meeting Scheduled for Today<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/oil-declining-as-demand-concerns-outweigh-decline-in-us-inventories\/08\/19\/market-updates\/\">Oil Declines on Demand Concerns<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-down-below-2000\/08\/19\/market-updates\/\">Gold Down Below $2,000<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/crude-oil-futures-higher-during-asian-session\/08\/19\/market-updates\/\">Crude Oil Futures Higher During Asian Session<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/gold-futures-declined-during-asian-session\/08\/19\/market-updates\/\">Gold Futures Decline During Asian Session<\/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\/fed-covid-will-weigh-heavily-on-economic-activity\/08\/19\/market-updates\/\">Fed: COVID Will Weigh Heavily on Economic Activity<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/canadas-wholesale-sales-expand-in-june\/08\/19\/market-updates\/\">Canada\u2019s Wholesale Sales Expand in June<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/canadas-cpi-rises-0-1-in-july\/08\/19\/market-updates\/\">Canada\u2019s CPI Rises 0.1% in July<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/eurozone-current-account-surplus-jumps-in-june\/08\/19\/market-updates\/\">Eurozone Current Account Surplus Jumps in June<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/japans-exports-fell-in-july-for-the-fifth-month-in-a-row\/08\/19\/market-updates\/\">Japan\u2019s Exports Fall in July For Fifth Month<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/uk-annualized-cpi-beats-estimates\/08\/19\/market-updates\/\">UK Annual CPI Beats Estimates<\/a><\/li><\/ul>\n\n\n\n<p><strong>Remarks:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/noortrends.ae\/en\/bullard-wall-street-is-right-with-record-breaking-rises\/08\/20\/market-updates\/\">Bullard: Wall Street is Right with Record-Breaking Rises<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/barkin-uncertainty-negatively-affecting-us-economy\/08\/20\/market-updates\/\">Barkin: Uncertainty Negatively Affecting US Economy<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/british-health-minister-most-cases-of-corona-occurred-in-homes\/08\/19\/market-updates\/\">British Health Minister: Most Corona Cases Occurred in Homes<\/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\/london-to-remain-europes-financial-center-despite-brexit\/08\/20\/market-updates\/\">London to Remain Europe\u2019s Financial Center Despite Brexit<\/a><\/li><li><a href=\"https:\/\/noortrends.ae\/en\/trump-postpones-trade-talks-with-china\/08\/19\/market-updates\/\">Trump Postpones Trade Talks with China<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The release of the Federal Reserve July meeting minutes dominated the market today, helping the USD go higher and, accordingly, gold closing lower. Meanwhile, expectations by the monetary policymakers that the COVID-19 health crisis will weigh on the economy led to Wall Street closing in red, while oil prices showed a mixed performance following a &hellip;<\/p>\n","protected":false},"author":10,"featured_media":32227,"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-32929","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\/32929","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=32929"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32929\/revisions"}],"predecessor-version":[{"id":32930,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32929\/revisions\/32930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32227"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}