Trading news

US Equity Markets Plummet, GBP Gains Amid Brexit Optimism

Equity markets collapsed yesterday in in what it seems as a Déjà vu of what happened in February. Once again, market chatter suggests that the catalyst behind the bloodbath may have been the steep rally in US Treasury yields. The pound continued to gain yesterday following comments by EU Chief Negotiator Michel Barnier.

Wall Street Tumbles and Triggers a Sense of Déjà vu

The dollar traded mixed against the other G10 currencies yesterday. The commodity-linked currencies CAD, AUD and NZD stayed on the back foot, while the safe-haven JPY was the main winner, as US equity plummeted in what it seems as a Déjà vu of what happened in February.

USD performance G10 currencies

The Dow Jones and the S&P 500 experienced their worst day since the 8th of February, falling 3.11% and 3.29% respectively, while Nasdaq plummeted 4.08%, the most since Brexit. Once again, market chatter suggests that the catalyst behind...

Read the full financial markets daily report on JFD Research.

JFD Brokers Review

Thursday, 11 Oct, 2018 / 7:51

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

Source : https://www.jfdbrokers.com/en/research/us-equity-markets-plummet-gbp-gains-amid-brexit-optimism

Trading news

 

Sterling Falls against the US Dollar as Brexit Deal Fails

The US dollar steadied against the British pound on Monday as investors stick [...]

Posted on Monday, 15 Oct, 2018 / 10:19 under HQBroker Review

Pound dangles on Brexit; Head for safety!

Pounds struggles as Brexit dangles By [...]

Posted on Monday, 15 Oct, 2018 / 9:50 under Swissquote Bank Review

GBPCAD: Developing an evening star pattern

The UK gross domestic product (GDP) rose to 1.2% year-on-year in the second [...]

Posted on Monday, 15 Oct, 2018 / 9:08 under ActivTrader Review