Subscribe to RSS

US dollar up as global equities advance on investor optimism

US stocks edged higher on Monday helped by better than expected corporate reports, but the gains were limited by falling commodity prices. The dollar strengthened, the ICE US dollar index closed up 0.17%, hitting a three-month high in intraday trading. The S&P 500 ended 0.1% higher at 2,128.27. Gains in technology companies helped Nasdaq close at a record high for three sessions in a row. PayPal gained 5.4% in the first trading day after spin-off from eBay. Halliburton rallied 7.8% after earnings beat expectations. St. Louis Fed President James Bullard, a non-voting member on Fed’s policy-setting committee, said there is a better than 50 percent chance that the Federal Reserve will raise interest rates in September. US companies are expected to post their worst sales decline in nearly six years in the second quarter, in part due to the strong dollar that reduces the value of overseas revenue of US companies. So far 55 percent of corporate reports have exceeded revenue forecasts, below the 61 percent average beat rate since 2002. And 70% of companies have reported earnings exceeding analyst expectations, above the 63 percent average beat rate since 1994, while earnings are expected to decline 2.1% in the quarter. The trading volume was 5.84 billion shares on US exchanges, about 11% below the average so far this month. No important economic data are expected today in US.

European stocks are advancing today. On Monday they rose for ninth straight session after Greece agreed last week to austerity measures demanded by euro-zone creditors for third bailout package. The Stoxx Europe 600 index rose 0.3%, Germany’s DAX 30 index was up 0.5% and France’s CAC 40 gained 0.4%. Euro weakened against the dollar. The European Union on Friday approved a bridge loan of 7.16 billion euros to Greece. Greece had to repay 4.2 billion euros to European Central Bank on Monday. Athens used the money to pay its ECB debt on Monday and also repaid 2 billion euros to International Monetary Fund. Greece’s banks reopened on Monday after a three-week closure, although the country’s stock market remained closed. Capital controls are still in place. The new bailout negotiations are expected to last for weeks. IMF had called on euro-zone creditors to write off part of Greece’s debt, and on Sunday Angela Merkel said she was prepared to consider further debt concessions to Athens after the recently agreed economic reforms are launched. No important economic data are expected today in euro-zone. At 9:30 CET public sector net borrowing will be released in UK. The tentative outlook is positive for the Pound.

Nikkei rose 0.9% today to four-week high as yen weakened against the dollar and rising Chinese stocks and expectations for strong first quarter earnings bolstered investors’ confidence. Tomorrow at 05:30 CET second quarter All Industry Activity index will be released in Japan. The tentative outlook is negative.

Chinese stocks are advancing today for the fourth session in a row after interventions by regulators halted the selloff.

Oil prices are moving lower today following the slide on Monday, as softer global growth and strong supplies from Organization of the Petroleum Exporting Countries weigh on prices.

Gold prices stabilized today after crashing to five year low yesterday on reduced safe haven demand as dollar strengthens ahead of expected rate hike later in the year.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

Forex Monthly Live Trading competition – Tickmill Ltd.

Forex Monthly Live Trading competition – Tickmill Ltd.(0)

Forex Monthly Live Trading Contest. Put your forex trading skills to test and win up to $1000 every Month! Forex Live Trading Contest is only available for clients of Tickmill Ltd.(FSA Regulated) Link:  Weekly Demo Race Trading Contest Link:  $30 Free Welcome Bonus Offer Link:  Forex Monthly Live Trading Contest Available to: All new traders

50% Deposit Bonus and $30 Free Trading Bonus – XM

50% Deposit Bonus and $30 Free Trading Bonus – XM(0)

Get 50% Deposit Bonus and $30 Free Trading Bonus. XM offers its clients multiple trading benefits to stay at XM, starting with a $30 Free Trading Bonus “No deposit required” Link:  $30 Forex No Deposit Bonus Link:  50% Deposit Bonus up to $500 Available to: All new trading account Bonus offer: 50% Deposit Bonus and

$50 Forex No Deposit Bitcoin Bonus Promotions – UFX

$50 Forex No Deposit Bitcoin Bonus Promotions – UFX(0)

$50 Forex No Deposit Bitcoin Bonus Special Promotion to all new trading account holder. Start Forex Trading Bitcoin with UFX and  Get a $50 No Deposit Bonus Link:  $50 Forex No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link:  Halloween Trick or Trade Competition Available to: All new trading account Ending Date:

Up to 100% Bonus Promotions for Each Deposit – AvaTrade

Up to 100% Bonus Promotions for Each Deposit – AvaTrade(0)

Bonus up to 100% for Each Deposit, This Bonus offer is available to USD, EUR, AUD and GBP base currency. AvaTrade Leading Online Forex Trading Broker Start now and get a Deposit Bonus of up to 100%. Link:  100% Bonus to Your First Deposit Link:  35% New Accounts Bonus Promotion Link:  Advantages of Trading Bitcoin

Start Forex Copy Trading your Perfect Partner – ForexTime

Start Forex Copy Trading your Perfect Partner – ForexTime(0)

Start Best Copy Trading your Perfect Partner. Join fxtm cutting-edge forex copy trading programme with fxtm Invest and match up with a suitable trader. Let them trade while you watch your potential forex profits grow. Link:  Start Copy Trading your Perfect Partner Link:  $25 Per Referral Earn up to $10000 Link:  Receive $30 Tradeable Credit

30% Binary Options Deposit Bonus Promotion – Ayrex

30% Binary Options Deposit Bonus Promotion – Ayrex(0)

30% Binary Options Deposit Bonus Promotion to all new Traders. Deposit Bonus can be applied to a deposit that equals 100 EUR/USD or a larger amount Link:  $100 Free Win in Just One Hour Link:  $30 Binary Options No Deposit Bonus Link:  30% Binary Options Deposit Bonus Ending Date: 31 December 2019 Available to: All

$50 Free Bonus Will be credited to Your Account – FBS

$50 Free Bonus Will be credited to Your Account – FBS(0)

FBS offers a Free Welcome of $50 the easiest way to progress on Forex. Trade without depositing with the leverage of 1:500 and make your profit grow! Straightforward and easy conditions, anytime profit withdrawal get your $50 Free now Link:  $50 Free Will be credited to Your Account Link:  $88.8 Forex No Deposit Bonus Link: 

Start Forex Trading Bitcoin with 50 USD Free Bonus – UFX

Start Forex Trading Bitcoin with 50 USD Free Bonus – UFX(0)

Start Forex Trading Bitcoin with UFX and Get a $50 No Deposit Bonus. $50 No Deposit Bonus is subject to your phone verification with UFX Account funding in Bitcoin requires a Bitcoin wallet Link:  $50 Forex No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack Promotion Available to:

Deposit your account $3000 & get $5000 more – InstaForex

Deposit your account $3000 & get $5000 more – InstaForex(0)

Deposit your live account with $3,000 and get $5,000 more! In November we raffle $5,000 within the Chancy Deposit campaign. Get a chance to win by depositing $3,000 to a trading account. Link:  Deposit your account $3000 & get $5000 more Link:  Get 250% Bonus for First Deposit Link:  $500 Forex No Deposit Free Bonus

Forex Free Signals Access to High Quality – CMS Trader

Forex Free Signals Access to High Quality – CMS Trader(0)

Trade Free signal on your mobile and email option and get free messages,email, each having all the necessary information to open a transaction. Static’s shows that 91% of such signals generate profit. Link:  Top Social Copy Trading Platforms Link:  FREE trading signals Special Promo Ending Date:  31 December 2018 Available to:  New Clients only Bonus

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