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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US Stocks Drop as Oil Prices Retreat with USD

December, 22 2016
watermark Economic news

US stocks dropped in value after the Dow Jones Industrial Average index was unable to make significant progress towards 20,000 points due to a subsequent decrease in oil prices. In addition, the US dollar was unable to sustain its rally as the market prepares for the onslaught of the holiday season. The DJIA dropped to 19,943 points after losing by 31 points, while Oil prices plummeted following government data releases which showed a surge in US stockpiles after a five-week lackluster performance. Meanwhile, the JPY regained its footing in the market, and the USD finally retreated from its highest levels reached in more than a decade in relation to the EUR.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.