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 – 20 July
20 Jul 2017 06:56 PM |The Australian dollar bounced higher again to opening levels after falling in early trading, following Australian labor market data, which came within the expectations adding 14,000 jobs in June and participation rate rose to a 17-month high of 65%. The reason of declining of AUD is the downward revision of the employment change index and unemployment rate. The AUDUSD is now approaching its daily high of 0.7988, which is also its highest level in more than two years.
Daily Wrap Up – 19 July
19 Jul 2017 06:22 PM |The economic calendar was not full of major economic events today. Most of the moves was in the trading range since of the beginning of the week, as markets awaiting a number of economic data tomorrow, as the Bank of Japan's monetary policy decision is likely to remain unchanged, plus that markets will also be looking closely at the ECB's statement and whether Draghi will give any hint on tightening monetary policy or easing the monetary easing program.
Daily Wrap Up – 18 July
18 Jul 2017 07:36 PM |The Reserve Bank of Australia (RBA) showed optimism for the Australian economy to grow in the second quarter of 2017 as the bank's decision to hold interest rates at 1.50% at its historic low earlier this month as consumption growth recovered despite pressure from high levels of debt. The Australian dollar rose strongly against the US dollar, reaching a two-year high of 0.7942.
Daily Wrap Up – 17 July
17 Jul 2017 07:10 PM |Asian stocks rose today to their highest level in two years, supported by the unexpected growth of the Chinese economy. Chinese stocks managed to erase their sharp losses at the start of trading after data showed the growth of the second largest economy in the world slightly stronger than expected at 6.9% This is due to strong industrial production, which recorded the highest rise since April 2016, as well as retail sales and exports.
The week ahead (17 – 21 July ) : Many data attract the attention of markets
16 Jul 2017 11:19 PM |The attention is once again turning to a number of central banks, waiting for what they will decide and whether it will turn towards narrowing the gap between their policies and the policy of the FED, which is on the path of tightening monetary policy and raise interest again before the end of this year. On the other hand, the markets keep their eyes on the Chinese economy and the data that may confirm the stability of the second largest global economies.
Daily Wrap Up – 12 July
12 Jul 2017 07:22 PM |US stocks rose at the beginning of the day after FED Governor Janet Yellen confirmed the gradual rate hike and that raising it again this year would be appropriate. She pointed out that the economy is strong enough to accommodate further gradual rise in interest rates, and reducing the Fed's huge portfolio of bonds.
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ملخص أحداث اليوم – 12 يوليو
12 Jul 2017 07:07 PM |ارتفعت الأسهم الأمريكية مع بداية التعاملات بعدما أكدت جانيت يلين، محافظ الاحتياطي الفيدرالي على مسار رفع الفائدة التدريجي وأن رفعها مرة أخرى هذا العام سيكون مناسبًا. وأشارت إلى أن الاقتصاد قوي بما فيه الكفاية لاستيعاب مزيد من الارتفاع التدريجي في أسعار الفائدة، وتخفيض محفظة الفيدرالي الضخمة من السندات.
Daily Wrap Up – 11 July
11 Jul 2017 07:19 PM |The economic calendar did not differ much from yesterday and was not filled with important economic data or events except from a few speeches from members of the FED and the BOE.
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