Jerome Powell speaks to the Wall Street Journal, the markets react instantly
The Fed Head’s WSJ interview generated plenty of interest in the [...]
Trading news
LiteForex News of the day
Today investors’ attention will turn onto European news. Producer price index in Eurozone for September will be published.
Producer price index indicates changes in price of industrial products, which is sold in bulk. Index incorporates the price of the raw materials, semi-manufactured goods, parts, labour and, which is most important, the price of the final products ready for consumption. According to experts the index can increase by 0.2%. Although it is not a considerable change, during the summer the index varied in the range of 0.0-0.3%, nevertheless, it may put European currency under pressure.
Based on experts’ forecast, we can expect slight weakening of Euro against major counterparts. Currency pair EUR/USD is likely to drop to the level of 1.3460.
Dmitriy Zolotov
Analyst of LiteForex Group of Companies
Tuesday, 05 Nov, 2013 / 9:02
Source : https://www.liteforex.com/
Trading news
Dollar surges, stocks sink after Powell lets yields run loose
Powell gives no hints about possible action to stem selloff in [...]
Inflation fears & rising bond yields spooked investors – FTSE 100 Market Outlook – 05/03/2021
Stocks in London were going up nicely yesterday during the European trading [...]
