flag-gb flag-my flag-zh flag-id flag-th flag-vi

Futures point to a positive Wall-Street start

On Wednesday shorts in US equity markets remain relevant - yesterday, despite some attempts to grow, US equity markets continued to decline, losing about one percent a day. The main index of the American market-SP 500 fell to the level around $ 2,700. Today, globally stock markets are trying to regain yesterday's losses and grow up. However, these trends are of a technical nature, as for US indexes they are oversold, and there is still no reason to seriously change market sentiment and increase risk appetite.

On the FOREX market, the correction of the American dollar did not continue today. The dollar index stopped the decline around the first support level 96.60 points. Another interesting fact was the return of the European currency above 1.1300. A good application for the bulls interception of the initiative, however, that this is not entirely clear. Most likely, the market played a positive solution to the issue of agreeing on a UK exit project. At the time, these events allowed investors to forget about problems within Europe. However, the situation remains uncertain, as investors react ambiguously to the progress achieved on Brexit, since there is still a difficult process of project coordination in the UK Parliament.

As for the Eurozone, in addition to political news from London and Brussels, it is worth paying attention to speeches by representatives of the ECB Prath and Kere, as well as important statistics on US retail sales and the report by the Federal Reserve Bank of Philadelphia.

However, the key monthly event will be the G-20 summit in Argentina (November 30-December 1), at which the meeting of the leaders of the United States and China on the trade agreement is to take place. The outcome of this meeting can largely determine the risk appetite in global markets until the end of the year.

Latest news

No Deposit Bonus 100 USD – available for 3 days only!

2020-11-23 08:44:40

Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! πŸ† Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts πŸ“ How to get the bonus: 1) Register an […]

Deposit Bonus 200%

2020-11-03 08:45:33

Only from November 02nd to December 04th, 2020, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of 200%? […]