Subscribe to RSS

Market Overview:  Some agricultural futures reached the multi-year high

The US stock market was on increase on Thursday due to the positive corporate news. The markets are in the neutral trend for two weeks already waiting for the Fed decision on its meeting September, 17. The US Dollar Index fluctuates in quite a narrow range. Yesterday, the Apple shares advanced 2,2% before the new iPhone and iPad presentation. The shares of the Gilead, biotechnological company, gained 3,3%. The macroeconomic data were neutral. The trade volume on the US stock exchanges was 16% lower yesterday than the last 20 sessions average and totaled 6.8 bln. shares. Today at 13:30 the US PPI (producer price index) for August is to be released and at 15:00 the University of Michigan confidence index for September is to come out. The tentative outlook is negative.

The European stock indices are on decline today following the yesterday’s growth. The market is, in general, in the neutral trend waiting for the Fed meeting results. Moreover, the European investors would like to get the more definite evidence of the Chinese economy recovery after the Bank of China provided additional monetary stimulus to it. The Euro demonstrated the sluggish growth within the neutral trend. The shares of E.ON, energy producer, were 2.6% down and reached the 20-year low after ditching a plan of spinning its nuclear plants off. Now its expenses will grow on the need to handle and close the NPPs. The British telecommunication companies Vodafone and BT Group have lost 1.6%. Investors are concerned by the possible taboo on the further sector consolidation after the European Commission prohibited the merger of the two Scandinavian telcos. Today in the morning the Gernab inflation in August was released which confirmed the forecast. No more important statistics is expected from the EU.

The Nikkei index went a bit down today staying in the neutral trend. According to the Japan Exchange Group, the foreign investors are the net sellers of the Japanese stocks for four weeks in a row already. The Yen weakened within the neutral trend due to the prime-minister Abe statement on the possible further loosening of the monetary policy which implies the additional Yen emission. The matter is to be discussed on the Bank of Japan meeting on October, 30. Next Tuesday the Bank of Japan announce and the speech by its head Haruhiko Kuroda are expected.

On Sunday some important Chinese macroeconomic indicators are to be released, which may influence the commodities futures. Those are new loans in Yuans, industrial production, retail sales and others. The new loans are expected to have contracted while the other indicators to have grown.

Crude oil is in the neutral trend for more than a month. Today its price went down on the negative review by the Goldman Sachs investment bank, which has downgraded the average expected WTI price in 2015to $48.1 from $52 per barrel and in 2016 to $45 from $57. For Brent the outlook was revised down from $58.2 to $53.7 per barrel in 2015 and from $62 to $49.5 in 2016. The additional negative was the Saudi Arabian statement on no need of convocation of the extraordinary OPEC meeting due to the low oil prices.

The soy quotes are on a slight increase before the today’s release of the US Agricultural Ministry report for September at 17:00 CET. The markets expect the production outlook in 2015/2016 and the stock in 2014/2015 to be revised down. In this case, the soy may begin its first growth in 5 weeks. The weekly increase of the wheat and corn prices is 2% and 3% respectively. Let us remind you that the grains are currently being near their 6-year low.

The coffee price has posted a year and a half low due to the weakening Brazilian Real which has hit its low since October 2002 when Standard & Poor agency cut the country’s rating to the default level. Investors expected the massive coffee export for selling the product in US Dollars on the world market. It is hard to predict what is going to happen. The coffee export in April-August of the present year has contracted by 4.6% compared to the same period of the previous year.

More Details

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

300% Trad-able Special Bonus Promotion – MarketsYes

300% Trad-able Special Bonus Promotion – MarketsYes(0)

300% Forex Tradable Special Bonus Promotion All New and existing clients. MarketsYes is offering all prospective clients deposit for up to 3000 USD/EUR/GBP a 300% Tradable Special Bonus. Link:  300% Tradable Bonus Promotion Available to: All New and existing clients Ending Date: 31 December 2017 Bonus offer:  300% Tradable Special Bonus Promotion All New and

100% Deposit Bonus and Forex Free Signals – Trade12

100% Deposit Bonus and Forex Free Signals – Trade12(0)

Forex Free Trading Signals via SMS. EMAIL. SKYPE. WHATSAPP and 100% Welcome Deposit Forex Bonus to your Live Trading Account. Link:  Free Daily Forex Trading Signals Link:  Get 100% Welcome Deposit Bonus Link:  Forex Trade and Win 2 Tickets Available to: All new clients Ending Date: 31 December 2017 Bonus Offer: Get 100% Welcome Deposit

100% New Account Bonus Up to $300 – Ava Trade

100% New Account Bonus Up to $300 – Ava Trade(0)

100% New Account Deposit Bonus to your first deposit Up to $300. Start trading today and in honour of our Irish roots we’ll give you a St. Patricks Day special bonus of up to 100% Link:  100% Special Bonus to Your First Deposit Available to: All new account Ending Date: 31 December 2017 Bonus offer:

$20 Phone Validation Welcome Forex Bonus – LMFX

$20 Phone Validation Welcome Forex Bonus – LMFX(0)

$20 Phone Validation Welcome Forex Bonus to All New Traders. The $20 Phone Validation Forexc Bonus is available for all the Clients who have successfully opened and funded their trading account with the Company in accordance with the Account Opening Agreement. Link:  $20 Phone Validation Welcome Forex Bonus Available to: All new traders Ending Date:

Live Trading Competition & 20% Deposit Bonus – FirewoodFX

Live Trading Competition & 20% Deposit Bonus – FirewoodFX(0)

Forex Live Account Trading Competition and 20% Forex Deposit Bonus . FirewoodFX presents the forex live account Trading Competition 1 with cash prize more than $1000! Be the winner by achieving the highest profit! Link: Live Account Trading Competition Link: 20% Bonus Make $100 Deposit or More Available to: All new and existing Ending Date:

$50 Free Bonus Without a Deposit – Adamant Finance

$50 Free Bonus Without a Deposit – Adamant Finance(0)

Free $50 Forex No Deposit Welcome Bonus to all new Traders. Receive $50 for Forex Free Bonus Without a Deposit and test the terms on a real account, without transfering any money. Link:  $50 No Deposit Free Welcome Bonus Ending Date: 31 December 2018 Available to: All new Traders Bonus Offer: Free $50 Forex No

Binary Options Free Demo Trading Tournament – CBFinvest

Binary Options Free Demo Trading Tournament – CBFinvest(0)

Binary Options Free Demo Trading Tournament total 2000$ cash prizes. Any Spotoption brand can start offering immediately binary options Tournaments, without spending a fortune on programming and without waiting for months Link:  Binary Options Free Demo Tournament Available to: All Customers AMAZING FEATURES Rebuys – for Tournaments based on demo, the feature of Rebuys allows

Risk Free Trading plus Free Forex Signals – MarketsYes

Risk Free Trading plus Free Forex Signals – MarketsYes(0)

300% Forex Deposit Bonus Promotion and Forex 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 Bonus. Link:  300% Tradable Bonus Promotion Link:  Risk Free Trade plus Forex Free Signals Available to: All New and existing clients

50% Bonus of Every Deposit – Fort Financial Services

50% Bonus of Every Deposit – Fort Financial Services(0)

Up to 50% Bonus of Every Deposit to All New and Existing Traders. You Deposited $1000 on your account, chose a 50% bonus and got 500 extra dollars to the initial deposit amount. Link: Up to 50% Bonus of Every Deposit Link: $5 Forex No Deposit Welcome Bonus Link: 15% Support Margin Bonus Link:  Profit

123% Tradable Deposit Bonus Promotion – FreshForex

123% Tradable Deposit Bonus Promotion – FreshForex(0)

Get 123% Tradable Deposit Bonus Promotion gives a real chance to start Forex trading with low investment and double return. Start efficient Forex trading with Tradable Bonus 123% Campaign. Link:  123% Tradable Deposit Bonus Promotion Link:  $5 Forex No Bonus Promotion Ending Date:  31 December 2017 Available to:   New Clients only Bonus Offer: Get 123%

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