Financial markets crash on Black Monday

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The Friday's sell-off has accelerated. The Japanese financial markets have crashed overnight. The US Dollar index is approaching the 102.00 mark, pushing other currencies up. Meanwhile, the US stock market is crashing, as the volatility index, which is called the fear index, is above the 60.00 mark.

Due to the drop of the US Dollar, various peer currency pairs have surged. The EUR/USD has hit the 1.1000 mark. The GBP/USD is highly volatile between the 1.2700 and 1.2800 levels. The USD/JPY has plummeted even further, however, the 142.00 level is acting as support. In regard to gold, the 2,390.00/2,400.00 support range has failed, as gold falls together with other equity.

Meanwhile, the crypto markets have led the decline. Bitcoin has plummeted to 50,000.00. Ethereum had almost touched the 2,100.00 mark during the morning hours.

US stock indices are showing declines not seen for decades. The USA 500 index is down almost 4.00%. USA Tech index is down almost 2.50%. In the meantime, USA 30 index has declined 2.30%

In the meantime, the European markets are already down. German top 40 stock index is down almost 8.00%. The UK stocks have lost 5.50% of their value. Although, the French stocks are down just 2.60%.

In regard to top mega market capitalization stocks. AAPL is set to gap down almost 10.00% by starting the day below 200.00. NVDA will start the day near 94.00 and loose 12.35%. TSLA is expected to start the day at 187.92 and lose 9.51% of its value. MSFT is set to lose just 5.00% by opening at 388.00.
Back to articles

Actual Topics

Thu, 08 Aug 2024 12:45:48 GMT

Eli Lilly increases production capacity

The US pharmaceutical firm Eli Lilly has announced a stunning financial quarter, as the firm has managed to increase production of weight loss drugs. The stock price of the company was set to start Thursday's trading with a gap up of nearly 9.00%. The company has been experiencing major demand for its weight loss drugs. However, it had struggled

Fri, 02 Aug 2024 13:16:55 GMT

Amazon reports sales growth slow-down

The online retailer Amazon reported its quarterly financial results after Thursday's trading hours. In general, the firm has reported a slow-down in growth of sales, which disappointed investors and caused a stock decline. The company has suffered a decline in revenue growth due to lower demand for cloud computing services, sticky inflation and high borrowing costs. The stock price

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.