Market wrap-up: a wave of profit-taking dominates today's trading
American stock markets fell today, as European stock indices witnessed a significant decline due to fears of a second wave of the Coronavirus pandemic. This potential return to crisis levels of infection could delay the global economic recovery that has been anticipated – or hoped for – in second half of the year.
Weekly wrap up (11 – 15 September)
15 Sep 2017 05:43 PM |The dollar erased its weekly gains and after reaching highest level in the week at 92.64, driven by positive inflation data, which pushed expectations for a rate hike to 50% in December for the first time since July, as well as reports that the details of the tax reform plan will be announce soon, but in the last two days of the week fell strongly to its weekly low of 91.34.
USDX Failed To Rally, Eyes on Retail Sales Data Ahead
15 Sep 2017 03:03 PM |The US Dollar failed to rally yesterday, despite the fact that the inflation data came in higher than expected. This shows how much USD bears are still in control, since inflation failed to push the US Dollar higher, retail sales data is unlikely to succeed in pushing it higher once again.
Daily wrap up – 14 September
14 Sep 2017 06:58 PM |The three major indexes of US stocks fell today, from their highest levels in yesterday's closing, following positive inflation data that boosted the chances of a rate hike soon. The consumer price index rose more-than-expected in August, the biggest reading in seven months, by 1.9 % on yearly basis.
Eyes on Bank of England Decision Ahead
14 Sep 2017 10:56 AM |After two days full of economic releases from the UK, including the inflation data and the jobs report, which came in with mixed outcomes, we will be concentrating on the Bank of England decision later today.
Daily wrap up – 13 September
13 Sep 2017 06:01 PM |The dollar rose significantly in today's trading following news of tax reforms announced this month as the dollar index rose from a daily low of 91.67 to currently trade at 92.38, while the USDJPY rallied to its highest level since August 16 at 110.68.
Mixed UK Jobs Report | GBP Slides
13 Sep 2017 01:22 PM |The UK Jobs Report came in with mixed outcomes, mostly positive. However, the British Pound lost more than 50 pips in a matter of one minute.
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Will The Bank of England Raise Rates Soon?
12 Sep 2017 02:35 PM |The UK inflation data came in with a surprise for the month of August, rising by more than expected, fueling the estimates for a possible action by the Bank before the end of this year.
Daily wrap up – 11 September
11 Sep 2017 07:13 PM |US stocks rose broadly with the beginning of this week as Hurricane Irma was downgraded to a tropical storm, easing worries about its impact on economic growth. North Korea also refrained from any missile tests.
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