Tag: Engine Forex

Frankfurt – 28/08/20 The day after With the Fed’s promise of another massive flood of cheap money, equities remain very attractive despite the many uncertainties. Also, suspected progress in the race to develop treatments and vaccines in the fight against Covid-19 continued to cheer investors up. For example, the pharmaceutical company Johnson & Johnson plans to test a possible corona …

from Engine Forex https://engineforex.com/markets-update-friday-28-08-2020-the-day-after/
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Frankfurt – 24/08/20 Wall Street Rally continues On Wall Street, there is still an enormous amount of euphoria, and traders are in a party mood. Driven by hopes of a cure for the coronavirus, the US indices climbed to new highs. US President Donald Trump granted emergency approval for the so-called immunoplasm therapy – the treatment of corona with blood …

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Frankfurt – 21/08/20 USA up, Europe down Reports that the Mainz, Germany, based biotech company Biontech and its research partner in the USA Pfizer are making good progress in the search for a vaccine against the Sars-Cov-2 virus initially supported the share prices at the end of the week. The two companies have started the decisive phase three with their …

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Frankfurt – 20/08/20 Give me hope, Joanna! Today’s trading day provided food for thought. Because no less a person than the US Federal Reserve recently put the brakes on euphoria because of Corona. According to the FOMC meeting minutes from the end of July published yesterday, the Fed expects that the corona crisis will put the brakes on rapid economic …

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Frankfurt – 19/08/20 Fed Doves After the US stock markets continued their rally also during most of today’s trading day, the latest FOMC meeting minutes triggered a sizeable sell-off. It all started as yet another record-day for the US equity markets, but then the mood turned sour. Then the Fed presented its latest FOMC minutes, which describe that the economic …

from Engine Forex https://engineforex.com/markets-update-wednesday-19-08-2020-fed-doves/
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Frankfurt – 18/08/20 Records on shaky feet Optimists and pessimists once again fought a fierce battle in the market today and caused several changes of direction for many financial instruments. The focus on the Forex market was primarily on the euro and the precious metal gold, next to the US stock indices that reached new all-time-highs. Many market analysts doubt …

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Frankfurt – 14/08/20 FUD vs Hope Fearing new travel restrictions with corresponding consequences for the economy, investors withdrew from the European stock markets on Friday. However, new impulses could come from America. Today, in addition to the political situation in the US, the rising number of new corona infections in Europe also weighed on prices. If travel within the European …

from Engine Forex https://engineforex.com/markets-update-friday-14-08-2020-fud-vs-hope/
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Frankfurt – 13/08/20 Torn Investors were once again torn to and fro on the international stock markets. Bulls and bears fight in many trading pairs for headwaters, but again and again, things also move back in the opposite direction. Although the situation on the US labour market eased, for the first time since the beginning of the corona crisis in …

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Frankfurt – 12/08/20 Risk-rally continues Hopes for a new stimulus package in the US and robust economic data from the EU have once again triggered investors’ risk appetite, putting heavy pressure on traditional safe havens like gold or the Japanese yen. Investors are firmly (and deliriously?) expecting a sharp economic recovery and are leaving the safe haven to buy, especially …

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Frankfurt – 11/08/20 Gold Crush Solid economic data from Germany and a possible new economic stimulus package in the USA are again fuelling hopes of a rapid economic recovery. These factors drove prices higher today, and many places saw decent gains.  On the other side of the coin, however, is gold. With a cataclysmic sell-off of more than $200, the …

from Engine Forex https://engineforex.com/markets-update-tuesday-11-08-2020-gold-crush/
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