Trading activity is on the lowest

20 April, 2018

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. USD dollar is under slight pressure, the dollar index remains practically within previous trading levels. Earlier today, the general Asian index of MSCI Asia Pacific grew by 0.5%.

Yesterday, the Fed's beige book basically confirmed what the market already knows. The economy is developing at a moderate pace, and many are optimistic about short-term prospects. Trade issues have become more visible. Tariffs already increase steel prices. The labor market is getting tougher, and while some employers are increasing their salaries, others are looking for ways for automation that are not contribution in inflation.

Today, the US market opened negatively, amid a sharp decline in the technology sector and, above all, in the Apple stocks. Markets are falling amid the backdrop of information from the world's largest chip maker (Taiwan Semiconductor) and Apple supplier, that reduced demand for smartphones caused a drop in chip stocks.

Oil price continue to gain and now looks like it is the favorable instrument of the whole market. Futures for Brent reached the maximum levels in the last 3.5 years. Today, growth continued, as the price was observed in the region of $ 74.40.

The oil market now benefit from an unexpected drop in US crude oil inventories last week and expectations that the main oil producers will continue to respect the pact regarding the limitation of production facilitated this.

This week, a meeting of the OPEC observation committee will take place. At its last meeting, the committee said that the agreement to reduce production in December last year was fulfilled by 129%.

 As for the FOREX currency market, the distinguishing feature of today's trading session is the lowest trading activity. This is interesting as the FX markets looks to be in balance for many FX instruments. This is a kind of very rare situation in FX market history. We will see what will be the next.

 The main pair of FX market EUR / USD is trading today within very tight limits – just four points of daily volatility - 1.2372-1.2374. Maybe the volatility will come in the American trading session.

The dollar entered the top part of its two-month range against the Japanese yen. Resistance is observed in the zone JPY107.60-JPY107.80. This is last Friday high.

The move above JPY108 corresponds to 38.2% retracement of Fibo from the last USD decline since January 8 from JPY113.40.

Sterling was under pressure amid somewhat weaker than expected inflation data. This week, the British currency updated the highs of 2018. At the start of the US trading, GBP / USD is trading around the  levels at 1.4225.


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...


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...

Geopolitics is in the markets spotlight

Well, the global markets remained under pressure on the background of geopolitical risks and the expectations of missile strikes on Syria. It is...


In the past 24 hours Bitcoin has lost -5.4% and reached $7867.24. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.6235% and is now at $1.1765. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -10.47% and is now at $621.541. 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%
2FXTMFXTM88%
3HYCMHYCM86%
4FxProFxPro82%
5FIBO GroupFIBO Group81%
6FXCMFXCM71%
7HotForexHotForex70%
8XMXM69%
9Alfa-ForexAlfa-Forex68%
10Grand CapitalGrand Capital65%
  


Share: