USD Maintains its Gains, the
Global Equities Dropped
First
and most, all focus goes to the greenback again, the most demanded currency in
the global markets right now. All the major currencies dropped against the USD
today in Asia, USD index increased to 85.28 achieving 0.10% gains, the highest
level in four years. The global investors become fully aware that the Fed’s
policies are leading the markets’ sentiments, especially the crucial interest
rate hike. The global equities lost more than trillion USD this September as
Bloomberg indicates. It’s important to say that many stock indexes achieved
historical records and massive gains including the US sock indexes, however the
correction would be expected at any time. The US durable goods orders retreated
last month by -18.2%, the US initial jobless claims stabilized at 293K last
week which is better than the estimates. In the meantime, the US market
services dropped to 58.5 from 59.5 in August.
The
US economic figures showed instability, and the US equities dropped yesterday,
Dow Jones -1.54% , NASDAQ -1.94% , and S % P -1.62% to 1965 after heading to
2000 two days before. There are many scheduled economic news from the US for
today, the US gross domestic product annualized, Reuters/ Michigan consumer
sentiment index and the personal consumption expenditure. The US economy
performs well, and the expectations seem positive.
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FX PIP Signal
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Customer Relationship
and Promotion Dept.
FX PIP Signal
support@fxpipsignal.com
Website
http://www.fxpipsignal.com/
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