Trading news

S&P500: trading activity falls _22/06/2016

Technical analysis and trading recommendations -

Tuesday's trading on the US stock market was relatively quiet. Quotes of the American stock indices of the second day of stay in a narrow range, in particular the price of the S & P500 is kept near the mark 2085.0.

On Tuesday, Fed Chairman Janet Yellen, in his speech once again pointed out that the increase in production, recruitment, investment, and corporate profits stopped or slowed down, which does not allow the Fed to determine the time of the next increase in interest rates. The soft tone of her speech contributes to the support of the US stock market, however, the focus of investors focused on the referendum in the UK. On its outcome will depend on the dynamics of not only European, but also on all the global markets in the near future.

And as noted recently financier George Soros in a note for the Guardian, if the British would prefer to secede from the EU, the cost of a pound of "sharp drop". At the same time, Soros argues that the fall will be more dramatic than in 1992. Then he earned nearly a billion dollars on sales of the British currency.

The fall of the British and European stock markets, is expected to be in such a case, no less in scope.

The activity of trading on world markets on the eve of the upcoming referendum on Britain's membership of the EU is reduced. Investors are waiting for the results of voting in the UK, which will be announced on Friday at 02:00 (GMT), and only after it will make significant changes to their portfolios.

The results of recent surveys in the UK say the approximate equality of the country's output of supporters of the EU and a further stay in the EU by a slight majority in favor of the latter. This has contributed to the growth of European stock markets. The British FTSE 100 index closed Tuesday with an increase of 0.4%.

At the end of today's trading in Asia, Chinese Shenzhen Composite index rose by 1,7%, ChiNext Price - on 2,5%, Shanghai Composite - by 0.9%, the Japanese Nikkei Stock Average fell 0.6% in trading.

Wednesday, 22 Jun, 2016 / 10:36

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Dollar Rebounds On G20 Summit And Falling Yields

The US dollar was seen posting some moderate gains on Tuesday. This marks the [...]

Posted on Wednesday, 26 Jun, 2019 / 10:01 under

Bullard rains on the USD bears’ parade

The St. Louis Fed’s Bullard rained on the USD bears’ parade by [...]

Posted on Wednesday, 26 Jun, 2019 / 8:47 under

Powell Wakes USD-Bulls Up, RBNZ Signals Need for Lower Rates

The dollar rebounded yesterday after Fed Chair Jerome Powell said that [...]

Posted on Wednesday, 26 Jun, 2019 / 7:35 under