Markets mixed following averted shutdown

1 May, 2017

Global equities rose with U.S. futures, fixed income retreated and JPY weakened as a tentative deal by the U.S. Congress to avert a government shutdown overshadowed weaker economic data from China and the U.S. over the past few days. Per Republican and democratic aides, the U.S. House and Senate negotiators reached a tentative bipartisan agreement Sunday night on a $1.1 trillion bill to keep the government open through the end of September. The news triggered a swing in markets after equities and currencies’ traders had been loath to take additional risk ahead of a busy week for macro-economic events and data.

Japanese equities advanced to their highest level since March after their best week of the year. WithВВВ Japan225ВВВ holding firm above 19300. JPY weakened for the fifth day out of six, comfortably holding above 111.50.ВВВ GoldВВВ has retreated to 1260 following the retracement of US treasuries.

Oil is holding at its lowest level in a month trading just above 49.00 with high inventories dragging on markets that have been grappling with a global supply glut for the last few years. Iran’s oil minister said on Saturday that “OPEC and non-OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back”. The Organization of the Petroleum Exporting Countries (OPEC)meets this month to discuss oil supply policy.

Trading volumes are lower than average due to the Labor Day/May Day holiday in Asia and Europe. Later this week Japan will be closed for a three-day holiday.

Traders will be watching comments from a policy meeting of the Federal Open Market Committee this week with the monthly U.S. employment report on Friday being a major focus. We will also see corporate earnings from global heavyweights. The second round of the French presidential election takes place May 7; candidate Marine Le Pen said Monday she would begin negotiations on a euro exit immediately if elected. Traders are also weighing the possibility of escalating tension between the U.S. and North Korea.


Source link  
The dollar grows on wages data

The US dollar is on the rise after strong U.S. labour market data published on Friday. The EURUSD is traded near 1.1540; it returned to this month lows....

Increased flight from EM currencies

The crises process is intensifying in emerging economies, which also affects their markets and supports the demand for the dollar. S&P 500 lost 0.2% on...

Markets under pressure

Asian markets have been declining for a third consecutive trading session on the fears of the Chinese-U.S. trade tensions escalating. The odds are that...


Markets are optimistic but remain weary

The markets remain on cautious positive mood. MSCI for Asia-Pacific region adds 0.4%, continuing gently recover for the second day in a row. American...

Dollar updates its 14-month highs

The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a Chinas claim...

Dollar has a potential of 5% rally

The dollar rewrote 13-months highs on Friday to a basket of six major currencies, adding 0.25% after gaining 0.5% on Thursday. The further growth of...


BoJ cautions keep forex calm

In the currency market, the dollar was under some pressure following the data that indicated a weakening of the inflation in the Eurozone. The slowdown in prices...

Stocks are growing, Bonds under pressure

The situation in the world markets looks controversial. Shares are growing after strong reporting of companies. The shares of Alphabet (#Google) jumped by 3.6% after...

The potential of USD growth is limited

Powell's speech with the semiannual report in the U.S. Congress contained an optimistic view on the economic outlook. Such a tone has reduced fears that...


In the past 24 hours Bitcoin has lost -1.1% and reached $6471.69107151. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.6352% and is now at $1.1587. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 4.38% and is now at $203.462195661. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Forex Market Analysis



Forex Currencies Forecasts



Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets91%
2FXTMFXTM88%
3HYCMHYCM87%
4Alfa-ForexAlfa-Forex86%
5FxProFxPro85%
6FIBO GroupFIBO Group84%
7OctaFXOctaFX83%
8HotForexHotForex82%
9FXCMFXCM80%
10AvaTradeAvaTrade77%
  


Share: