Summary:
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After higher opening stocks from Europe fail to advance further
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Japanese yen advances for another day
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Oil traders await API weekly oil inventories data
Most of the major European stock indices are still trading above their yesterday’s closures but it needs to be noted that after higher opening majority of benchmarks from the Old Continent moved lower. As uncertainty resulting from the US-China trade spat is still present on the markets we are observing JPY as the strongest currency from the G10 basket. On the other hand we have New Zealand Dollar who is the biggest underperform out of major on the back of some downbeat comments from the domestic monetary authorities. Precious metals pull back amid USD strengthening while WTI trades flat ahead of the API data release.
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Open real account TRY DEMO Download mobile app Download mobile appThis week does not hold the top-notch calendar events that we got used to - think FED decision, OPEC meeting or the NFP report. But with the Trade Wars raging, markets are as lively as ever. We take a look at three charts that can see a technical conclusion this week.
Admittedly, the Swedish krona is not placed among the best performers within major currencies at the time of writing, it was offered another signal suggesting domestic inflationary pressures might continue building up over the upcoming months. The krona is gaining 0.2% against the common currency at 11:00 am BST.
The more often Bitcoin is used in daily transactions, the more demand for this virtual currency might be experienced. This relationship has well acted over the recent months, and the latest sluggish trend in terms of a count of daily transactions seems to explain the last Bitcoin price underperformance.
As Brexit gets nearer the international companies that were also operating in the UK need to decide what to do. The German carmaker BMW announced that in case the upcoming Brexit deal will result in border stops it will close its production units in the UK in order not to slow down whole supply chain.
US Treasury Secretary Steven Mnuchin tweeted on Monday and denied all stories concerning investment restriction on China provided by Bloomberg as well as Wall Street Journal calling them ’fake news’. However, market participants took his tweet with a grain of salt keep selling off riskier assets.
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