๐Ÿ’น STOCK MARKET NEWS FOR TODAY ๐Ÿ’น Financial and Forex Market NEWS 9 September 2019

๐Ÿ’น STOCK MARKET NEWS FOR TODAY ๐Ÿ’น Financial and Forex Market NEWS 9 September 2019


the u.s. daughter halted its rally the
greenback could closed the first trading day of the week in the red weaker than
expected employment growth in the US and dovish comments of Jerome Powell on
Friday in Zurich cemented expectations for a feds rate cut in September
meanwhile investors shift focus towards the ECB policy meeting the US Dollar
Index could not surpass the level of 99 points the US currency opened a new week
at the level below the highest point of July in the North American trade to the
index settled down at near 98 point 33 the greenback has been weighed down by
weak non-farm payrolls that reinforced prospects of more aggressive monetary
easing by the Federal Reserve currently the market foresees a rate cut by 50
basis points Jerome Powell seems to oppose the radical fiscal changes the US
Treasury secretary Stephen Norton said that Jerome Powell is running a risk
with its rhetoric on Thursday the ECB is widely expected to lower the key
interest rate and introduce a new asset buying program the Euro could come and
oppression the second half of the trading week today it fell to a five day
low against the US dollar to the support level of 1 point 10 which has been
broken earlier the Euro failed to recover traders working with the
Canadian dollar remain at the elevated mood as fundamentals provide the loonie
with support crude oil is gaining ground from the market is betting on the rate
card by the Fed in light of the upbeat date on Canada’s labor market the Bank
of Canada is likely to refrain from monetary easing in October so deluna
reached the strongest mark in five weeks against its American rival in the North
American session the dollar versus the Canadian dollar pair was trading at
about 1.30 159 to sum up appetite for risk is reviving among forex investors
however it is still too early to say that investors are clearly poised for
riskier assets because macroeconomic data still signals a slowdown in the
global economy that is all for today thank you for watching and see you back
tomorrow

One Comments

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    September 9, 2019

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    The US dollar halted its rally. The greenback could close the first trading day of the week in the red. Weaker than expected employment growth in the US and dovish comments of Jerome Powell on Friday in Zurich cemented expectations for a Fedโ€™s rate cut in September. Meanwhile, investors shift focus towards the ECB policy meeting.

    The US dollar index could not surpass the level of 99. The US currency opened a new week at the level below the highest point of July. In the North American trade, the index settled down at near 98.33. The greenback has been weighed down by weak nonfarm payrolls that reinforced prospects of more aggressive monetary easing by the Federal Reserve. Currently, the market foresees a rate cut by 50 basis points.

    Jerome Powell seems to oppose radical fiscal changes. US Treasury Secretary Steven Mnuchin said that Jerome Powell is running a risk with his rhetoric. On Thursday, the ECB is widely expected to lower the key interest rate and introduce a new asset-buying program. The euro could come under pressure in the second half of the trading week. Today the euro fell to a five-day low against the US dollar to the support level of 1.10 which has been broken earlier. The euro failed to recover.

    Traders working with the Canadian dollar remain at the elevated mood as fundamentals provide the loonie with support. Crude oil is gaining ground. The market is betting on the rate cut by the Federal Reserve. In light of the upbeat data on Canadaโ€™s labor market, the Bank of Canada is likely to refrain from monetary easing in October. So, the loonie reached the strongest mark in five weeks against its American rival. In the North American session, the USD/CAD pair was trading at about 1.3159.

    To sum up, appetite for risk is reviving among forex investors. However, it is still too early to say that investors are clearly poised for riskier assets because macroeconomic data still signals a slowdown in the global economy.

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