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.
Daily wrap up – 30 August
30 Aug 2017 06:04 PM |After the markets calmed down with North Korea's tensions on financial markets yesterday after a missile launch over Japan and fall in the Pacific Ocean, the economic calendar today was full of a significant number of important economic data that had a significant impact on market movements.
Daily wrap up – 29 August
29 Aug 2017 06:37 PM |The global stock markets have been affected this morning and most investors have turned to safe haven assets after North Korea provoked the Japanese side by launching a missile over northern Japan to fall into the Pacific and spark renewed political tensions with the United States.
Daily wrap up – 28 August
28 Aug 2017 06:33 PM |The markets were relatively calm today with no economic events on the economic agenda, but the market witnessed some moves for some currencies as the euro saw a significant rise after Mario Draghi, the ECB governor, expressed no concern about the strength of the currency. So, EURUSD has reached the highest level Over the past two and a half years at 1.1975.
The week ahead (21- 25 August)
20 Aug 2017 04:39 PM |Starting a new trading week as usual every week, the markets wait for important economic data to assess the performance of the economies and then determine the trends of their currencies. This week, which does not include many important economic data, but the markets are monitoring some data we are exposed to them through the following:
Weekly Wrap Up (14 – 18 August)
18 Aug 2017 06:16 PM |The US dollar rose during the week, as the dollar index reaching a three-week high of 94.04, supported by positive retail sales that beat expectations and rose by 0.6% in July. Core retail sales rose by 0.5%.
Daily Wrap Up – 8 August
8 Aug 2017 07:24 PM |The US dollar rose strongly during mid-day trading to reach its highest level since July 28 at 93.75, following the JOLTS Job Index, which rose to a record high by 461,000 in June, rising to 6.2 million.
Daily Wrap Up – 7 August
7 Aug 2017 07:33 PM |The opening of the week was somewhat quiet, especially after the strong moves in the markets on Friday following strong US employment data. The economic calendar was not full of major economic events throughout the day.
The week ahead (7-11 August) : eyes will be on US inflation numbers
6 Aug 2017 05:28 PM |Looking ahead to a new trading week and following the release of very positive US labor market data this past weekend, this week market turns to inflation data, and whether the positive tone of data from the US economy will continue and supports the Fed's path to raise interest rates for the third time this year.
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