Markets Are Optimistic

Economic News
01. 8. 2018
Markets Are Optimistic

The US and China are trying to resume negotiations in order to avoid a full-scale trade war. Against this background, optimism strengthened stock shares and the dollar index returned to growth, which caused the decline in commodity prices.

During yesterday's American session Apple's shares rose immediately by 4% after the release of the sales report. This year the growth of the company's shares was 12% and this is the first American company whose capitalization will soon be able to reach $1 trillion.

Today we expect the publication of the Fed's decision on the interest rate. It is predicted that the rate will remain at the current level and amount to 2%. By the end of the year it is expected that the interest rate in the US will be 2.5%, since Stephen Mnuchin and Jerome Powell earlier voiced their opinion on this issue and said that they are confident in the strength of the US economy.

Despite all the efforts oil prices started the beginning of the week from at price peaks but have switched to a decline since. The WTI could not gain a foothold above $70 per barrel and is currently trading at 68.00.

The cryptocurrency market, which spent the weekend in positive territory, once again turned around. Bitcoin could not hold above the level of 8,100 and fell to 7,500, which led to a decline in the entire market.

SuperForex
Harsher Tariffs for China

Economic News

Harsher Tariffs for China

Trump wants to up the already existing tariffs to hit China harder.

SuperForex
01. 8. 2018
Market Overview July 31

Economic News

Market Overview July 31

Today the markets will be quite busy with fundamentals.

SuperForex
31. 7. 2018
Pompeo: "We are honest and we want to cooperate."

Economic News

Pompeo: "We are honest and we want to cooperate."

SuperForex
31. 7. 2018