U.S. stocks recover after elections

7 November, 2018

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

It should be noted that market movements are very moderate. The dollar index sank by 0.2%. Futures for S&P500 has added about the same amount.

The Democrats got control over the House of Representatives, but the Senate remained under control of the Republicans. This is the most expected result, and it is welcomed by markets, as the control of the Senate eliminates the risk that rigid regulation of the financial sector can be restored. After many surprises during the Votes in recent years, the most probable outcome looks somewhat unusual.

Often after the elections, even if their results meet expectations, there is some upswing in the markets, following the reduction of the uncertainty.
Now the focus of the market returns to other macrotrends. At the time of writing, Chinese indices and Japanese Nikkei225 have returned the increase since the beginning of the day and have entered the red zone to preserve fears before the trade wars.

The dollar has been losing ground since the beginning of the month, following the recovery of the demand on the U.S. stock markets and the return of demand for the pound and the euro. The British currency is adding on the progress around the Brexit negotiations. Expectations of a breakthrough allowed GBPUSD to add more than 3% from the end of October and return above 1.31. At the same time, one should stay very cautious about such expectations, as there have been many unfulfilled hopes for a breakthrough in recent months on this topic.

At the same time, the recovery from the October dip continues in the American markets. Futures on S&P500 Returned to the mark of 200-day average. Further growth above this line can be a positive signal, additionally supporting the demand for shares.


Source link  
Equity market causes investors confusion

As a turbulent December in equity markets draws to a close, there's one thing traders and investors can agree on: these are not usual times, especially...

Global debt exceeded $ 184 trillion

According to the International Monetary Fund (IMF), the global debt has achieved $184 trillion with $86,000 per person, a figure that is twice larger than...

Why U.S. markets are under pressure

Global markets are on the rise on Wednesday, adding more than 1.2% on the MSCI Asia ex Japan index. Japanese Nikkei jumped by 2%. Chinese...


Dow recovers after 500 points decline

Stocks closed higher Monday as major indexes bounced back from earlier losses as renewed confidence in the strength of the U.S. economy offset lingering...

Pound rallied, stocks declined

The U.K. main stock index closed lower Thursday, weighed down by weakness for resource stocks and banks and a strong pound as the outline of a key agreement...

Oil slips as U.S. inventories swelled

Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although...


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...

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...


In the past 24 hours Bitcoin has lost -0.12% and reached $3602.35410672. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 1.5351% and is now at $1.1563. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -4.76% and is now at $118.215655018. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2019

# Broker Review
1easyMarketseasyMarkets91%
2FXTMFXTM87%
3HYCMHYCM86%
4FxProFxPro84%
5FIBO GroupFIBO Group83%
6OctaFXOctaFX82%
7HotForexHotForex81%
8FXCMFXCM80%
9XMXM72%
10FP MarketsFP Markets69%
  


Share: