Tag: Engine Forex

Frankfurt – 24/09/2020 Stimulate us! The financial markets returned to a cheering mood today due to the political developments in the American capital. Supportive for a renewed risk reset back to risk-on was that governments would respond to the economic slump resulting from the current crisis with new economic stimulus packages. In particular, the government in Washington is under pressure …

from Engine Forex https://engineforex.com/markets-update-thursday-24-09-2020-stimulate-us/
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Frankfurt – 23/09/2020 Economic Woes The greenback is currently the big winner of the week, continuously gaining strength and therefore reflecting the current situation in the markets beautifully.  Because ever more dreadful corona news and a weakening US stock market ensured that other global indices were also unable to maintain initial profits and once again fell sharply. Investors remain nervous …

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Frankfurt – 22/09/20 FUD Revived Yesterday, the corona theme, in particular, had put a strain on trade. Fed Chairman Jerome Powell told a Congressional committee today that the economy remains on a “very uncertain” path and repeated his recent warnings. A full recovery could only be expected once the virus was under control, he told the House of Representatives’ Financial …

from Engine Forex https://engineforex.com/markets-update-tuesday-22-09-2020-fud-revived/
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Frankfurt – 21/09/20 Between corona and corruption Several pieces of bad news have caused the stock markets to slide sharply today. Above all, the worsening of the corona crisis in Europe has caused new lockdown fears. Also, Deutsche Bank and HSBC shares, among others of the financial sector, came under heavy pressure after a devastating money laundering report was published …

from Engine Forex https://engineforex.com/markets-update-monday-21-09-2020-between-corona-and-corruption/
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Frankfurt – 18/09/2020 Witches and corona demons Gradually, autumn comes to the stock markets, because not only the leaves on the trees in the northern hemisphere but also the prices are falling. It is getting more uncomfortable.  Today, on one of these “Triple Witches’ Sabbaths” the professional investors tried to bring the courses in their desired direction. In the end, …

from Engine Forex https://engineforex.com/markets-update-friday-18-09-2020-witches-and-corona-demons/
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Frankfurt – 17/09/20 The day after the Fed Without the hoped-for further impulses from the US Federal Reserve, most global markets trended in negative territory on Thursday. Although the Fed had confirmed longer-term zero interest rates the previous evening, it had not taken any further decisions to relax monetary policy.  Like the US Federal Reserve, the Bank of Japan intends …

from Engine Forex https://engineforex.com/markets-update-thursday-17-09-2020-the-day-after-the-fed/
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Singapore’s Monetary Authority has announced a catalogue of new laws that could have a significant impact on the crypto trade in the island and city-state. Nevertheless, the Singapore Stock Exchange (SGX) has now included two crypto-indices in its offering to prepare itself for the continuous digitalization. In Singapore, crypto exchanges and trading in digital assets are generally permitted, but these …

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Frankfurt – 16/09/20 Fed Blow As expected, the US Federal Reserve left its key interest rate for supplying the banks with money in a range between zero and 0.25 per cent. The market was also eagerly awaiting further statements and signals from Chairman Jerome Powell.  However, Powell disappointed the market across the board and, following two days of deliberations, also …

from Engine Forex https://engineforex.com/markets-update-wednesday-16-09-2020-fed-blow/
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Frankfurt – 15/09/20 Anticipating the Fed The economy is apparently on the verge of a strong recovery in the current third quarter. However, this did not inspire investors much today. Instead, they continue to look at the US Federal Reserve and its interest rate meeting. How things will continue on the stock markets, therefore, depends crucially on the Fed’s interest …

from Engine Forex https://engineforex.com/markets-update-tuesday-15-09-2020-anticipating-the-fed/
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Frankfurt – 14/09/20 Oh Britain… Not only the again increasing corona case numbers, but also the unspeakable Brexit discussion weighed on the stock markets, especially the European ones, today. British parliamentarians are currently debating the Internal Market Act, which is controversial even within the governing party and with which Prime Minister Boris Johnson wants to undermine parts of the divorce …

from Engine Forex https://engineforex.com/markets-update-monday-14-09-2020-oh-britain/
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