Market updates and forecasts

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.

Sterling Skyrocketed while Stocks Crumbled


April, 19 2017
watermark Economic news

Sterling was in a spotlight during the Asian trading on Wednesday after Theresa May called for a snap election on June 8 that could give a positive outcome after Brexit. The currency surged more than a six-month high against the greenback while the U.S. dollar recovered a little in the Asian session with a rise of 0.15 percent against other currencies.

Safe-haven bonds continued to strengthen prior to the French presidential election despite raising tension between the U.S. and the North Korea. The dollar has weakened following a drop in U.S. bond yields to a five-month low as much as 2.17 percent.

Equities were pushed to the sidelines as futures are welcomed with losses upon the opening of German and U.K. stock market.

Japan’s nikkei steadied for quite some time but Shanghai.SSEC extended its losses with 1% drop. The Chinese market declined for four consecutive sessions because of tighter policies.

In the commodity market, gold was pulled down up to 0.4 percent to XAU=$1,287.10 an ounce while U.S. Brent crude oil prices dwindled by 16 cents at $54.73 a barrel.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
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.