China concerns rattle markets further

23 September, 2015

With manufacturing data from China overnight showing the sector in the world’s second largest economy had its worst month since the global financial crisis back in 2008/09 another sell off is expected to ensue in the equity markets. Risk assets are being shunned by investors and this only adds to the conundrum over whether the Federal Reserve was right to keep rates on hold at their FOMC meeting last week. The dollar has recouped some of its losses from last week but it is hard to see the greenback gain much further ground in such an environment when anything that suggests China is slowing more rapidly is likely to delay the Fed’s decision even further. This could also serve to keep the euro supported which for the past few weeks has gained as a result of risk aversion amongst investors as carry trades are unwound.

The euro will be a focus this morning with the release of Eurozone PMI numbers which are expected to show both the services and manufacturing sectors remaining in expansion territory although a little slower than the previous month. Then later the Canadian dollar should be monitored for the release of retail sales expected to dip from 0.6% to 0.5% and after that there’s a release of US manufacturing data, also expected to soften a little from 53.0 to 52.8.


Source link  
Crude's Collapse Is Sending Shockwaves

Investors have gone from contemplating the prospect of oil at $100 to sub-$50 in less than two months. No wonder global markets are playing catch-up....

Dollar growth pushed down stock indices

Monday was a hard day for the financial markets. American DJI lost more than 2.3% and S&P500 decreased by 2.0%. As in previous weeks, the main pressure...

U.S. stocks recover after elections

Preliminary estimates of the U.S. election results support a positive mood on the world markets, reducing the demand for protective assets and causing...


Cautious mood has returned to stocks

American markets ended trading on Wednesday with a slight increase. Asian bourses also experienced growth at the opening, but it was quickly...

Emerging markets rebound seems over

Asian markets have turned to a decline with a renewed force. After the rebound of last week, the index MSCI Asia ex Japan loses 1.2% and is only...

Rebound in Asian markets intensifies

On Friday morning, the demand for risks on the Asian bourses continues to recover. MSCI for Asia ex Japan is adding more than 1.2% this morning, having...


Reasons to rebound EM indices

Asian markets are adding after reaching 14-month lows the day before. Positive markets are supported by the reports about China's invitation to trade...

Strong data supports U.S. markets

Stocks of the Emerging Markets remain under pressure on Wednesday morning, with positive sentiments prevailing in American markets following...

Pound press dollar on news about Brexit

Michael Barnier, the EU's top negotiator on Brexit, called a reaching of the agreement on the deal within next 6-8 weeks realistic. This news supported...


In the past 24 hours Bitcoin has lost -9.41% and reached $4443.89294339. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -1.1164% and is now at $1.13. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -36.03% and is now at $132.114342338. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets90%
2FXTMFXTM87%
3HYCMHYCM86%
4Alfa-ForexAlfa-Forex85%
5FxProFxPro84%
6FIBO GroupFIBO Group83%
7OctaFXOctaFX82%
8HotForexHotForex80%
9FXCMFXCM78%
10AvaTradeAvaTrade76%
  


Share: