A Record Decline in Stock Indices

Economic News
06 feb. 2018
A Record Decline in Stock Indices

Stock indices reached -4.60%, updating minimum values in the new year, followed by a decline seen in Asian and European markets; during the US session the Dow Jones lost nearly 1,175 points. The last time when such a sharp decline in Dow Jones happened was in 2011. Due to the weakening of the stock market, we were able to observe the strengthening of the reserve currency and thus the dollar strengthened against a basket of major currencies.

The prices for black gold also retreated from recent highs and the price of the Brent crude oil is near the mark of $67 per barrel, while the price of WTI crude oil dropped below USD 64 per barrel mark.

Today the price of Bitcoin fell to the level of $6,000 which is the lowest since November last year, which led to a decrease in other cryptocurrencies. At the moment the most popular cryptocurrency, whose capitalization at the moment has dropped to 106 billion dollars, has lost 17% of its value.

Today we expect the release of data from the United States such as the trade balance for December and the number of vacancies in the labor market, JOLTS, and and the speech of FOMC member James Bullard.

SuperForex
The USD Steady

Economic News

The USD Steady

After many weeks of price drops, the American currency is finally showing signs of stabilization.

SuperForex
05 feb. 2018
News Overview

Economic News

News Overview

SuperForex
05 feb. 2018
US Unemployment at a Record Low

Economic News

US Unemployment at a Record Low

SuperForex
02 feb. 2018