Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
Market Overview: 13.02.2019
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="IFC Markets, post: 159725, member: 18359"] [SIZE=5][B]US dollar index declined after 8 days of continuous growth[/B] [B][/B][/SIZE] The decline of ICE US dollar Index occurred on the backdrop of reducing global risks. US President Donald Trump announced that he could slightly move the deadline for increasing import duties on Chinese goods. Now it is planned on March 1. US stocks quotations rose on Tuesday due to the fact that the US Congress approved the preliminary state budget for the new fiscal year. This will avoid another suspension of government work. Additional positive aspect is corporate news announcement. Amazon.com shares rose 2.6% due to local success in competition with Walmart. Positive news were published by Electronic Arts (+ 4.5%) and Goldman Sachs (+ 2%). Sportswear manufacturer Under Armor has posted good quarterly reports. Today in the US at 14-30 CET, there are data on inflation for January. [SIZE=5][B]Euro US Dollar exchange rate has not yet been able to break through the 1.13 support level[/B] [B][/B][/SIZE] There was no specific news in the Eurozone. The increase of EURUSD was due to the weakening of the US currency. European stocks quotations also rose yesterday based on the background of a possible agreement between the US and China on mutual trade. An additional positive news was the good reporting of the French manufacturer of tires Michelin (+ 13%). Investors decided that it reflects the increase in demand for vehicles. Shares of other European tire manufacturers Pirelli and Continental rose as well. The growth of the sectoral stock index [B]STOXX Europe 600 Automobiles & Parts[/B] was 2.9%. The Kering, which owns the Gucci brand, has published a good forecast for the 1st quarter of 2019. Its shares went up by 3.3%, which contributed to the growth of other assets of the consumer sector. The data regarding industrial production in December will be announced today in EU. The data on inflation, producer prices and real estate prices for January will be published in UK. [IMG]https://ifccd.net/uploads/image/130220191.png[/IMG] [SIZE=5][B]Japanese stock index Nikkei continued to grow for the 3rd day in a row[/B] [B][/B][/SIZE] USDJPY is also rising for the 3rd day in a row, which indicates the weakening of the yen. On Wednesday, Nikkei climbed 1.3% and approached a 2-month high. This was facilitated by the possible success of China-US trade negotiations, as well as corporate information. Oil service company Inpex raised its profit forecast for the next year and its shares rose by 12%. Kabu.com Securities rose almost 6% due to KDDI Corp posting a possible $ 800 million buyback of Kabu.com shares. New Zealand Dollar demonstrated strong strengthening against the background of the next meeting of [B]Reserve Bank of New Zealand[/B] (RBNZ). The Central Bank of New Zealand announced it would keep the rate at the current level of 1.75% until the end of 2020. In 2021, it can be increased to 1.97% and in 2022 - to 2.36%. [SIZE=5][B]Quotations of Soybean rose against the backdrop of a possible reduction in world stocks[/B] [B][/B][/SIZE] US Department of Agriculture (USDA) reduced its forecast for global soybean stocks in the agricultural season 2018/19 by 6 million tons to 112.7 million tons. This was due to the bad weather conditions in South America. The forecast for total soybean stocks in Brazil and Argentina was reduced by 8 million tons from USDA side. Earlier, the Brazilian state agency Conab reduced the forecast for soybean reserves in the season 2018/19 to 0.9 million tons from 1 million tons and its harvest to 115.3 million tons from 118.8 million tons. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…