The EURUSD pair moved above the important resistance of 1.1325 as optimism on the euro started to come back. The price is up by about 25 basis points today as bulls attempt to resume the previous upward trend.
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The DAX index erased earlier losses as investors remained optimistic about a new stimulus package being pushed by Angela Merkel....
The GBPUSD pair declined slightly after the Office of National Statistics (ONS) released some of the worst economic numbers on...
The Hang Seng index was among the worst-performing indices in Asia today. The index is down by more than 1.30% and is trading at $24,180. On the other hand, the Nikkei 225 is down by less than 1% while the Shanghai composite is down by just 0.20%. The index is falling as investors start to question whether Hong Kong is doomed.
The Nikkei 225 index declined sharply today as investors reacted to the selloff in Wall Street yesterday. The index declined...
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The Dow Jones index nosedived for the third straight day today. The index is down by more than 700 points as investors focus on the Federal Reserve interest rates decision. Other main indices in the US also dropped, with the S&P 500 and Nasdaq falling by more than 1.50%.
Silver price diverged with that of gold as investors reflected on the Federal Reserve interest rate decision. The price of...
The EUR to GBP (EURGBP) pair is up by more than 50 basis points today as the euro accelerates its rally. The euro index, which measures the strength of the euro, compared with its peer currencies rose by 0.20%.
DAX Index is among the worst-performing indices in Europe today. It is down by more than 3%, which is worse than the FTSE 100 2.70% decline and FTSE MIB’s 2.76% decline. The only index near to the DAX is France CAC. The selloff in Europe and Asia is mostly because of the dovish statement issued by the Federal Reserve yesterday.
Crude oil price is nervous today as traders continued to worry about supply and the health of the global economy. Brent and WTI spot prices are down by more than 3%, adding to the more than 3% losses that were made yesterday.
The Nikkei 225 index declined by more than 2.50% as investors reflected on the dovish tone set by the Federal Reserve. In its rates decision, the bank left interest rates unchanged and said that they will remain so for at least two years. Japan stocks also reacted to the sluggish sentiment among Japan’s large businesses. Almost all companies in the Nikkei were in the red today.