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 (26 – 30 June)
30 Jun 2017 07:59 PM |This week witnessed a marked weakness for the US dollar against most of its rivals and investors turned to sell the dollar as many policy makers hinted to start a shift from the easing policy towards tightening policy to begin reducing the gap with US Federal Reserve policy. The dollar index has fallen to the lowest levels over 8 months at 95.20. On the other hand, the US economy grew by 1.4% in the first quarter of 2017.
Daily Wrap Up – 29 June
29 Jun 2017 05:42 PM |The economic calendar today has seen few important economic events, except the final reading data for GDP in the United States, where the economy grew by 1.4% in the first quarter on an annualized basis. Personal consumption figures were revised up to 1.1%, while investment growth was revised down slightly.
Daily Wrap Up – 28 June
28 Jun 2017 06:05 PM |The ECB Forum on Central Banks concluded today with discussions on investment and growth in developed economies. Mark Carney, the governor of the BOE, pushed the pound
Daily Wrap Up – 27 June
27 Jun 2017 02:02 PM |The second day of the ECB's Central Bank Forum, which is being held this year on investment and growth in developed economies, kicked off today. Russia's largest oil producer, Rosneft, reported that its servers had been attacked, causing the company's computers to be disrupted.
Daily Wrap Up – 19 June
19 Jun 2017 06:59 PM |The British pound fell sharply during the day as David Davis, minister in charge of negotiations with the European Union, arrived in Brussels to start the first days of formal talks for Brexit. The GBPUSD hit its lowest level since June 15 at 1.2723.
Daily Wrap Up – 14 June
14 Jun 2017 10:16 PM |On the economic agenda today, the Federal Reserve meeting raised interest rates as expected to 1.25%, while maintaining expectations of a further rise this year, indicating that the labor market will continue to improve and the economy grew at an moderate pace and that the interest rate will be determined by economic data.
Daily Wrap Up – 13 June
13 Jun 2017 06:32 PM |The markets were relatively quiet during the day and did not witness many notable moves as markets awaited the FOMC meeting to announce the rate decision. The markets have priced to raise interest rates by 94%. Markets will be waiting for comments by Janet Yellen, Federal Reserve Governor at the press conference, and to get more information about the US Federal Reserve cutting its balance sheet by about 4.5$ trillion later this year.
Daily Wrap Up – 12 June
12 Jun 2017 08:56 PM |The economic calendar was not full of major economic events today, and the markets saw some notable moves as Sterling Pound continued to face further downward pressure, especially after Prime Minister Teresa May failed to win a majority in last Thursday's election. She is trying to make a coalition With the DUP to form a new government. Sterling fell against most of its rivals, hitting its lowest level against the US dollar for nearly a month at 1.2638.
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