If Mario Draghi wants to avoid a repeat of the market carnage his press conference sparked a year ago, he might have to negotiate a few roadblocks. Almost all economists surveyed by Bloomberg expect the European Central Bank president to announce on Thursday
The US Commodity Futures Trading Commission (CFTC) has decided to repropose regulations concerning the maximum number of positions on speculative futures and swaps. The regulator has also approved final aggregation regulations – a key component of its existing position limits regime.
The euro held steady near a 3-week high on Tuesday while bets on market volatility stayed close to their highest since June’s Brexit vote ahead of this week's European Central Bank meeting due to give new guidance on its quantitative easing programme.
US markets opened mixed on Tuesday. DJIA is down by -0.08%, Nasdaq is up by 0.10%, S&P 500 is up by 0.07%. The Bovespa is up by 1.32% and Mexico's IPC is up by 0.23%.
UK’s Financial Conduct Authority (FCA) has followed the example of the Cyprus Securities and Exchange Commission (CySEC), issuing a ban on trading bonuses and setting a cap of 1:50 on CFDs. In its statement the UK regulator commented that CFDs
Asian markets ended mixed on Tuesday. The Hang Seng is up by 0.75%, Shanghai Composite is down by -0.17% and Nikkei 225 is up by 0.47%. Aussie and Kiwi markets ended higher on Tuesday. S&P/ASX200 is up by 0.52% and NZX50 is up by 0.81% .
Following the election, the market has surged around the theme of 'Trumponomics' as a 'New Hope' as tax cuts and infrastructure spending (read massive deficit increase) will fuel earnings growth for companies, stronger economic growth, and higher asset prices.
The dollar held its ground, but was challenged to extend recent gains, against major rivals Tuesday on the heels of wild, euro-driven gyrations after Italy’s weekend referendum. The dollar held its ground, but was challenged to extend recent gains, against major rivals Tuesday on the heels of wild
Nikkei share average rebounded on Tuesday as strong U.S. economic data helped calm worries about instability in the European Union after Italian Prime Minister Matteo Renzi's resignation. The Nikkei ended 0.5 percent higher to 18,360.54.
U.S. crude futures strengthened Monday before retreating in post-settlement trade as the market lost confidence OPEC cuts would be sufficient to reduce oversupply given increased U.S. drilling. U.S. West Texas Intermediate crude rose early in the day and began to pare gains
World Forex Brokers © Copyright 2015. All Rights Reserved