Subscribe to RSS

Forex Market Overview:  US dollar weaker on Fed official’s remark

US stocks rallied on Monday after a comment by Federal Reserve Vice Chairman Stanley Fischer that he doesn’t expect the interest rate hike will happen until after inflation climbs closer to the Fed’s target of around 2%. The inflation rate has fallen close to zero in recent months and has been below 2% since April 2012. The dollar weakened, ICE US dollar index, a measure of the dollar’s strength against a basket of six currencies, fell 0.4%. Markets didn’t react to Atlanta Fed President Dennis Lockhart remark later in the day who said the economy is strong enough to handle a gradual rise in interest rates. S&P 500 jumped 1.3%, with all of 10 sectors except utilities closing higher. Precision Castparts' shares jumped 19.1% after Berkshire Hathaway said it would buy the aerospace and engineering company in a deal valuing the company at $32.3 billion. Google gained 4.8% after market close as the company announced it is changing its operating structure by setting up a new company called Alphabet Inc, which will include the search business and a number of other units. Twitter shares surged 9.1% after CEO Jack Dorsey bought more shares joining other insiders, and the company also reached a multiyear partnership agreement with the National Football League. Today at 13:30 CET second quarter unit labor cost will be released in US. The tentative outlook is negative for the dollar. At 15:00 CET second quarter wholesale inventories will be released. The tentative outlook is positive.

Greece today reached a deal with the European Commission, the European Central Bank, the International Monetary Fund and the European Stability Mechanism on a bailout loan that would release as much as 86 billion euros. European stocks advanced on Monday as investor sentiment was buoyed by rising mining shares as dollar weakened and optimism over Greek bailout negotiations. The euro strengthened. The Stoxx Europe 600 finished up 0.7%. Mining shares rebounded after Friday’s fall following weak Chinese data indicating exports in July fell 8.3% from a year earlier and imports dropped 8.1%. Today at 10:00 CET July ZEW survey results for Germany and euro-zone will come out. The tentative outlook is positive for euro.

Nikkei fell 0.4% today as investors took profits on recent outperformers including drugmakers and food companies after the Chinese central bank devalued the yuan. Tomorrow at 00:50 CET Bank of Japan July 14-15 meeting minutes will be released. At 06:30 CET June industrial production and tertiary industry activity index will be published. The tentative outlook is positive.

The People’s Bank of China devalued yuan today 1.9% against the dollar. The central bank manages the exchange rate through an official midpoint, allowing it to move 2% above or below that midpoint each day, which is called the daily fixing. Today the regulator said it will now base the midpoint on market makers' quotes and the previous day's closing price.

Oil prices are falling today after jumping almost 4% on Monday as investors are concerned slowing Chinese economy, evidenced by more than 8% fall in July exports, will slow the demand growth for crude oil while output from major producers is near record highs.

Copper is falling today after rebounding from a six-year low on Monday after rains in Chile halted work at Codelco, world’s largest copper-mining company.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

$3500 Free No Deposit Bonus in a Minute – Insta Forex

$3500 Free No Deposit Bonus in a Minute – Insta Forex(0)

Get $3500 Free No Deposit Bonus in a Minute from InstaForex no need to risk your own money if you have already got funds to earn more money. The $3500 Free No Deposit Bonus in a Minute from InstaForex is an exciting opportunity to start Forex live trading. Link:  $500 Forex No Deposit Free Bonus

Forex Circuits Live Trading Contest 2017 – Forex Time

Forex Circuits Live Trading Contest 2017 – Forex Time(0)

ForexTime latest Live Contest Win cash prizes from a $400,000 total prize pool. FX Circuits rewarding clients with real, withdrawable from a $400000 total prize pool.* Link:  FX Circuits Live Trading Contest Link:  Demo Forex Trading Contest Link:  Loyalty Cashback Promotions Link:  200% Withdraw able Cashback Rebates Available to:   New Clients only Contest Offer: ForexTime

$200 Forex Free No Deposit Pushup Bonus – FreshForex

$200 Forex Free No Deposit Pushup Bonus – FreshForex(0)

FreshForex finally launches long-awaited $200 Forex Free No Deposit Pushup Bonus Broker. With FreshForex new bonus every new client registered with us through special link within promotion period gets $200 to the trading account. Link:  $200 No Deposit Pushup Free Bonus Ending Date: 16 September 2018 Bonus Offer: $200 No Deposit Welcome Pushup Bonus for

$30 No Deposit Forex Welcome Bonus Campaign – Tickmill

$30 No Deposit Forex Welcome Bonus Campaign – Tickmill(0)

$30 No Deposit Forex Welcome Bonus Campaign to All new traders. $30 Free Forex Welcome Account is available to all new clients who expressed a wish for it during the registration process. Link:  Weekly Demo Race Trading Contest Link:  $30 Free Welcome Bonus Campaign Link:  Forex Monthly Live Trading Contest Available to: All new traders

300% Tradable Bonus plus Free Signals – Markets Yes

300% Tradable Bonus plus Free Signals – Markets Yes(0)

300% Forex Tradable Bonus Promotion and Risk Free Trade plus Forex Free Signals all New and existing clients. MarketsYes is offering all prospective clients deposit for up to 3000 USD/EUR/GBP a 300% Tradable Deposit Bonus. Link:  300% Tradable Bonus Promotion Link:  Risk Free Trade plus Forex Free Signals Available to: All New and existing clients

150% Binary Options Deposit Bonus Promotion – NordFX

150% Binary Options Deposit Bonus Promotion – NordFX(0)

Up to 150% Bonus for a First Time to binary options live trading account. For a perfect start, we offer you a 150% binary options bonus for a first-time $5,000 deposit. Link:  Up to 150% Bonus for a First Time Link:  100% Withdrawable Deposit Bonus Link:  55% Deposit Bonus Promotion Link:  DemoCup contest  prize fund

The Best Indonesian Forex Traders Party – FBS Inc

The Best Indonesian Forex Traders Party – FBS Inc(0)

The Best Indonesian Forex Traders Party 2017. Free tickets for any kind of transport are available only for Indonesian Forex Traders. Link:  The Best Indonesian Traders Party Link:  $123 Free Special Bonus Promotion Link:  100% Deposit Bonus Promotion Link:  $88.8 Lucky No Deposit Required Bonus (for Malaysian traders) Ending Date: 31 December 2018 Bonus Offer:

Win $100 Binary Options No Deposit Bonus – AYREX

Win $100 Binary Options No Deposit Bonus – AYREX(0)

Win $100 Binary Options No Deposit Bonus in just one hour $3600 total monthly prizes. No deposit required Bonus. Open to all AYREX demo account holders created automatically upon registration and used solely for contest participation Link:  Win $100 Binary Options No Deposit Bonus Link:  $30 Binary Options No Deposit Bonus Link:  30% Binary Options Deposit

25 USD Free Cash Bonus No Deposit Required – Xtrade

25 USD Free Cash Bonus No Deposit Required – Xtrade(0)

$25 Free Cash Bonus No Deposit Required plus $30 Account Verification Forex Free Cash Bonus to all eligible clients. Start Forex Trading with Xtrade Broker and Get a $30 plus $25 Free No Deposit Required  Bonus (T&C applied) Link: $25 Free Cash Bonus No Deposit Required Link: $30 Account Verification Free Cash Bonus Link:  60%

100% Withdrawable Deposit Bonus up to $5000 – NordFX

100% Withdrawable Deposit Bonus up to $5000 – NordFX(0)

Up to 150% Bonus for a First Time to binary options Account. For a perfect start, we offer you a 150% bonus for a first-time $5,000 deposit. Link:  Up to 150% Bonus for a First Time Link:  100% Withdrawable Deposit Bonus Link:  55% Deposit Bonus Promotion Link:  DemoCup contest  prize fund is $42000 Available to:

read more

Forex Featured Broker

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories