Weekly Market Overview

The yen has become cheaper, while Bitcoin regains its positions.

Economic News
Sep 18, 2017
Weekly Market Overview

Mild pressure - this is how Secretary of State Rex Tillerson described the foreign policy towards North Korea. The latest missile tests conducted by Kim Jong-un no longer guarantee a significant impact on markets and the dollar rate. The US will continue to try to resolve this conflict exclusively by peaceful means, by applying sanctions through international organizations.

After the maket open the US dollar showed a slight increase. Relative to the Japanese yen, it was fixed above the level at 111.00 and at the moment the USD/JPY pair is trading at 111.38, which is even higher than the price reached on Friday (111.32).

Around September 19-20 we are expecting a meeting of the Federal Reserve, who will once again consider the possibility of changing interest rates and assess the costs of eliminating the consequences of the hurricanes Harvey and Irma, which may affect the level of inflation.

The sharp rise of the British Pound at the end of last week, against expectations of interest rate hikes, stopped. The pound reaching 1.3616 USD began to return to 1.3550.

Bitcoin's exchange rate is back to $4,000, after a sharp fall, amid China's statements that cryptocurrencies are fraud and have banned Bitcoin's turnover in the country.

Today we expect the release of the consumer price index in the Eurozone at 12.00 (GMT +3), and the speech of the head of the Bank of England at 18.00 (GMT +3).

During the news release the market is expected to be more active.

SuperForex
Oil after Irma

Economic News

Oil after Irma

As the storm weakens, investors are re-evaluating the damages and oil prices have climbed up.

SuperForex
Sep 11, 2017
Investors Are Returning

Economic News

Investors Are Returning

Irma weakens and the dollar is getting stronger.

SuperForex
Sep 11, 2017
In the Dollar We Trust

Economic News

In the Dollar We Trust

Hurricane Irma comes closer by the end of the week.

SuperForex
Sep 08, 2017