Market sentiment is improving

29 November, 2017

On Tuesday, global markets were able to change the mood and moved to gain, with some of the European markets recovering all Monday's losses amid a weaker euro and demand for energy and oil sectors. The metal sectors continue to remain under pressure amid fears of Chinese demand. Yesterday US indices also returned to growth and could even show the rally, updating the historical highs. (SP 500 + 1%, DOW + 1.1%, NASDAQ + 0.5%). The speech of the new head of the Fed supported the mood of the markets and was able to set a new growth driver. The index of consumer confidence has set a maximum for the past 17 years and reached a level of 129.5.

On Wednesday, the oil market is trading under pressure, but the market has so far traded above the $ 63 level of the main support level this week. There were rumors on the market that at the OPEC meeting, the negotiators could extend the agreement, but with the option of reviewing it in June 2018. That is, in fact, the agreement may not be substantial. The oil market, which has been in the growing trend since the middle of the year and got ready for a positive decision by OPEC, may be disappointed, and decline to fix profit. In this case, the next level of support is at $ 61.30. Today, the focus is on data from the US Department of Energy and data on the OPEC meeting.

Yesterday at FOREX, European currency fell to Eur 1.1825 level, but today the pair is consolidating and growing to the level of Eur 1.1880. Yesterday, like today, the European news background is relatively light. The dynamics of the pair is affected by the trend of the US dollar. Yesterday, all the attention of market participants was riveted to the speech of Jerome Powell, but ultimately his speech did not contribute to strengthening of the dollar, eventually market rated it neutrally in the context of the impact on the change of USD dollar. The future head of the Federal Reserve spoke in favor of normalizing interest rates, which is a hint at maintaining the trend for a gradual increase in interest rates in 2018, but at the same time, he took a rather tough position in terms of regulating banking activities, which disappointed markets a bit.

Today, the day is full of important events, primarily in the United States. Today, there will be very important data on changes in US GDP for the third quarter, and speeches by a number of FOMC members led by Janet Yellen, the publication of the so-called "Beige Book" of the Fed and a number of other factors could significantly affect the volatility of forex market.

Source link  
Asian markets higher, oil rally goes on

Oil prices extended gains in early trading hours as expectations for further reductions in global supply levels continued to build following Donald...

What's behind the oil rally?

The oil market has been going crazy in the last few days. On Monday, the US West Texas Intermediate crude for June delivery rose nearly 1.5 percent...

If Buffett is not investing on bitcoin...

Last week we have spoken about Warren Buffett's dislike for Bitcoin and the whole cryptocurrency world. Fine... it is not that he doesn't like it...

Equity indexes mixed in Asia

Markets in Asian traded mixed on Thursday as investors digested a widely anticipated interest rate decision by the US Federal Reserve while looking...

Asian stocks extend gains

Asian equity markets were mostly higher on Monday, with investors focusing on geopolitical tensions over the Middle East while keeping an eye...

Equity indexes in Asia rise

Asian equity indexes moved into green territory on Tuesday despite a weak lead from Wall Street on the back of higher Treasury yields and as traders await...

Trading activity is on the lowest

The light news flow and a break in US-Chinese trade rhetoric give the equity markets a positive momentum amid so far positive reporting season in the US...

Earnings in focus: a necessary revision

UK Average Earnings excluding Bonus (3Mo/Yr) (Feb) is expected to come in at 2.8% from 2.6% previously. Claimant Count Change (Mar) is expected...

Geopolitics weigh on sentiment

Markets in Asia were mixed on Monday amid rising geopolitical tensions following a western air strike over Syria and as investors await for fresh...

In the past 24 hours Bitcoin has lost -3.19% and reached $3316.48529356. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.0395% and is now at $1.1371. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 0.15% and is now at $86.491054564. 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
6FIBO GroupFIBO Group84%