Chinese bear market

15 January, 2016

According to unofficial theory a 20% decline in a stock index means that it has entered an official bear market and we saw this from the Shanghai Composite overnight following another 3.5% loss. The end of the week in Asia has seen emerging markets record their third weekly loss in a row and the same can be said for some European markets as 2016 so far has been a terrible year for global stock markets. This is now starting to be reflected in profit forecasts for S & P companies across the pond where we’re seeing the most downgrades to earnings compared to upgrades since 2009. Crude prices are also lower overnight but for all the talk about whether oil will fall to $20 or whether it won’t we have to remember that commodities entered their massive bear market by the 20% measure as far back as 2014. This of course has taken its toll on the Aussie, now AUDUSD hovering just above the 0.6900 level which is the major support and if broken we would see fresh multi year lows.

Today the economic calendar is quite thin except for US retail sales and then industrial production data. A greater focus will be put on data going forward into 2016 as concerns increase over the global economy and whilst the US retail sales is not the best indicator for the global picture, it is an important release that the Fed will be monitoring, especially since it is expected to decline to 0.0% from 0.2%.


Source link  
Profit-taking after big sell-off

There is a demand for profit-taking in the markets after powerful movements at the end of last week and a very aggressive trading start...

Hot August for currency markets

This August seems hot. Not only temperature but also currency market volatility is rising. The period of active vacations, which is accompanied by a decrease in volumes...

Dollar is close to its important levels

The demand for dollar, provoked by the fears of new US sanctions against a number of countries and expanding trade conflict with China push the American currency close...


Trump raises stakes in the trade war

Two opposite trends prevail in the global markets. Strong reporting of companies, including Apple indicators supports the demand in world...

USD grows on high GDP expectations

The single currency is traded near weekly lows against the dollar, getting under pressure after maintaining the soft tone of the ECB during the regular meeting...

Facebook failure obscured optimism

Yesterday the markets enjoyed a rare portion of good news on international trade. Trump and Juncker agreed not to introduce new tariffs for the period of negotiations...


Trump tosses dollar from highs

The dollar remained under pressure after the Trump's criticism about the strengthening of the national currency. Despite doubts that the influence of the president...

Oil hits 3-month lows

On Monday, the dynamics of oil was in the spotlight on a combination of negative factors by both the potential demand and the supply part. Asian markets...

Fed Monetary Policy Report to be released

This report is release twice a year and provides an insight into the conduct of monetary policy and economic developments and prospects for the future for the...


In the past 24 hours Bitcoin has lost -1.83% and reached $6418.78347147. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -1.3466% and is now at $1.138. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -8.03% and is now at $296.854117789. 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
1easyMarketseasyMarkets89%
2FXTMFXTM87%
3HYCMHYCM85%
4FxProFxPro80%
5FIBO GroupFIBO Group78%
6FXCMFXCM73%
7AvaTradeAvaTrade68%
8HotForexHotForex67%
9Alfa-ForexAlfa-Forex66%
10XMXM66%
  


Share: