FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
FXCC information and reviews
Markets.com information and reviews
FxPro information and reviews

Risky assets prevail in the markets

16 December 2019

The end of the year on the financial markets turned out to be very positive. Asian stock markets ply near multi-month highs; the American markets are leaning towards growth, according to the dynamics of futures on the major indices.

The Chinese yuan and Australian dollar retreated from 4-month highs against the dollar, after an impressive growth at the end of last week. However, this decline should not be taken as a trade deal disappointment. So far, it is reasonable to talk about the desire of the markets to “sell the fact”.

Among the essential barometers of sentiment in the currency market, it is worth noting that the Chinese yuan remains at 7.0, which is a crucial psychological indicator of sentiment. The Japanese yen is losing ground to its main competitors.

Markets engrossed by the idea that the worst is over. The easing of the central bank policy is already bearing fruit, which can be seen in the improved macroeconomic indicators of China and the eurozone. Separately, China and the U.S.have managed to agree on a phase one trade deal, but it is not officially signed yet.

UK markets continue to take the lead from a major conservative victory in last week’s elections. The Tori party won the majority in Parliament, which should allow it to pass bills, including Brexit, without the need to form a coalition. The GBPUSD surged above 1.3500 on Friday to its highest level since May 2018. On Monday morning the pair was stood at 1.3400, slightly corrected after a spike. However, the pair climbed more than 12.5% from the August lows, reflecting the hopes of the markets to break the legislative deadlock in Britain after three and a half years of wanderings.

The single currency behaves a little more modestly. On Friday, EURUSD failed to climb to levels above 1.1200 and consolidate over the 200-day average. The pair was under pressure since Friday morning and was pushed back to 1.1100 by the weekend. At the start of trading on Monday, the euro grew against the dollar and the yen as markets optimism prevails.

However, the markets will follow with caution the release of the first PMI estimates in December for the countries of the Euro-region. In the previous months, the publication of these indicators gave more reasons to sell than to growth.


Oil reached a 2018 high
Oil reached a 2018 high

Oil prices are rising for the fourth day in a row. On September 24 trades, the Brent price reached its maximum since 2018. According to analysts, the price rise is influenced...

28 Sep 2021

German Elections In Focus
German Elections In Focus

Futures in the United States are rising, while those in Europe are falling as Germany gives its final verdict on its newly elected Chancellor. Germany is a European powerhouse...

27 Sep 2021

US Dollar Index gathers traction and tests 93.40
US Dollar Index gathers traction and tests 93.40

The greenback, when tracked by the US Dollar Index (DXY), starts the week on the same upbeat mood that finished the last one and re-visits the 9240/50 band on Monday...

27 Sep 2021

Space tourism takes off and opens colossal market
Space tourism takes off and opens colossal market

Space tourism is definitely on the rise. According to Bank of America Merrill Lynch, it could represent USD 2.700 billion by 2045, against 400 billion today...

24 Sep 2021

All Eyes On The BOE Meeting
All Eyes On The BOE Meeting

US and European futures are trading higher today, following the Fed’s announcement yesterday that the economy is exhibiting signs of strength and...

23 Sep 2021

Stocks steady on Evergrande debt assurance
Stocks steady on Evergrande debt assurance

Equities were mostly recovering on Wednesday as market nerves were somewhat calmed after China’s troubled property giant, Evergrande, told investors it will meet

23 Sep 2021

Editors' Picks

OctaFX information and reviews
HotForex information and reviews
XM information and reviews
FXCM information and reviews
Vantage FX information and reviews
Vantage FX
Moneta Markets information and reviews
Moneta Markets

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.