Market Overview

Major currency pairs are trading in a corridor.

Economic News
11 de out. de 2017
Market Overview

To date, the main currency pairs have been traded in a corridor, and there are a lot of fundamental reasons for that.

The primary and at the same time the main negative factor putting pressure on the dollar is the nuclear program of North Korea. Yesterday the Wall Street Journal published on its Facebook page a new video with an investigation which proves that North Korea already has ready-made nuclear weapons, and the administration of Donald Trump is currently facing a real rather than a potential threat from the DPRK.

The political situation in Spain continues to exert pressure on the euro exchange rates. The representative of Catalonia said that they would wait a couple of weeks before the declaration of independence. The share of Catalonia in the Spanish manufacturing sector is about 25%, but at the moment all large companies are beginning to move their offices to Madrid and other cities, which has a negative impact on the profitability of the state bonds.

The data released yesterday in the UK helped the pound play a little bit. The Japanese yen is trading around 112.30.

Today we expect statements from the ECB and FOMC members, as well as the release of data on the number of open vacancies in the labor market (JOLTS) in the United States.

SuperForex
Oil Goes Up Again

Economic News

Oil Goes Up Again

The oil market appears to be more stable now, amid the latest news.

SuperForex
10 de out. de 2017
Investors Are Looking for Safe Assets

Economic News

Investors Are Looking for Safe Assets

Interest in the yen and gold is returning.

SuperForex
10 de out. de 2017
Dollar Suffers vs. Yen

Economic News

Dollar Suffers vs. Yen

Amid new tenstions regarding North Korea, the USD eased off major currencies.

SuperForex
09 de out. de 2017