Global equities rise as trade war concerns ease

Dow notched seventh straight win

US stock indexes advance continued on Thursday as President Trump said he would be open to a smaller-scale, interim trade deal. The S&P 500 gained 0.3% to 3009.57. The Dow Jones industrial average added 0.2% to 27182.45. Nasdaq composite index rose 0.3% to 8194.47. The dollar weakened despite data showing core inflation rose 0.3%, above forecasts of a 0.2% gain, while the number of Americans applying for new unemployment benefits fell by 15,000 to 204,000 last week: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.3% to 98.35 and is lower currently. Stock index futures point to higher openings today.

CAC 40 paces European indexes gains

European stocks extended gains on Thursday after the European Central Bank (ECB) resumed massive bond-buying. Both EUR/USD and GBP/USD resumed climbing yesterday with both pairs moving higher currently . The Stoxx Europe 600 index ended 0.2% higher as the ECB cut its deposit rate from -0.4% to -0.5%, and announced it would restart open-ended purchasing of long-term government bonds at a pace of €20 billion a month. Germany’s DAX 30 advanced 0.41% to 12410.25. France’s CAC 40 rose 0.44% while UK’s FTSE 100 added 0.1% to 7349.67 as British government published its plans for a no-deal Brexit on Wednesday night.

Nikkei leads Asian indexes gains

Asian stock indices are in green today in thin trading with markets in mainland China, Taiwan and South Korea closed for holidays. Nikkei extended gains 1.1% to 21988.29 as yen renewed its slide against the dollar. Hong Kong’s Hang Seng Index is 0.8% higher after reports China called on state firms to boost investment in crisis-hit Hong Kong. Australia’s All Ordinaries Index gained another 0.5% despite continuing Australian dollar climb against the greenback.

Nikkei rises above MA(200)    09/13/2019 Market Overview IFC Markets chart

Brent down

Brent futures prices are edging lower today. Prices advanced yesterday as OPEC and major producers reiterated their commitment to current output cuts, but didn’t announce bigger production cuts as some had expected in the wake of easing tensions between the US and Iran: November Brent crude lost 0.7% to $60.38 a barrel on Thursday.



Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.

Пользователь берет на себя полную ответственность за использование и трактовку информации, содержащейся на данном ресурсе, а также за любое решение относительно совершения любого действия, основанное на полученной информации.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD settles at 1.1050 on ECB, virus outbreak

The EUR/USD pair settled at its lowest for this 2020 after the European Central Bank announced a strategic review on inflation policy. Chinese coronavirus spreading abroad.


AUD/USD challenging weekly lows

The Aussie remains on the back-foot as the economy lost full-time jobs in December, while risk-aversion adds to the bearish case. Speculation mounts on an RBA rate cut next February.


Crypto Today: Bitcoin bears force critical

BTC/USD is currently trading at $8,400 (-3.40%) in the afternoon in U.S. hours, as markets bears break critical $8500 price mark, allowing for a wave of further downside pressure. 

Read more

XAU/USD bulls challenging 1573 resistance level

XAU/USD is trading in a bull trend above its main daily simple moving averages (SMAs). After rejecting the 1600 figure earlier in January, the metal has been consolidating near the $1560 per troy ounce.

Gold News

USD/JPY falls to fresh lows, correcting on WHO statement

USD/JPY has tumbled to print fresh lows since failing on the 110 handle, scoring 109.26 and meeting the 200-moving average on the four-hour chart.


Forex Majors