Blog

Monday, July 20th, today’s news—Florida reports over 10,000 new coronavirus cases for the fifth consecutive day, with no lockdown. European markets await the conclusion of the prolonged EU summit on the economic recovery fund, the euro is rising on optimism, the stock market is down due to the delay. The …

Friday, July 17th, today’s news—US markets are recovering from the yesterday's drop caused by the increased number of jobless claims. European markets are rising in anticipation of new stimulus measures, Asian markets rise in a similar situation, and also due to the recovering economy of China. The price of Brent …

Thursday, July 16th, today’s news—China's economy rose 3.2% in the second quarter instead of the predicted 2.5%, but the markets are down amid the escalating tensions with the US. European markets are also lower ahead of the ECB meeting, USD is recovering. The price of Brent oil is $43.45, WTI—$40.71. …

Tuesday, July 14th, today’s news—Dow futures rise 200 points as Moderna reports successful coronavirus vaccine trial. This also positively affects the EU markets, oil recovers from a drawdown, Asian markets under pressure amid the US-China tensions. The price of Brent oil is $43.45, WTI—$40.87. EUR/USD is at 1.1436, GBP/USD—1.2610, gold …

The modern international currency trade is only 42 years old, but in 2019 this market reached a daily turnover of $6.6 trillion (the estimate for 2020 is $10 trillion!). The single decision to remove the US dollar from the gold standard resulted in the creation of the world’s largest market. …

Tuesday, July 14th, today’s news—China's exports grow as countries open borders, 2.5% economic growth is expected in the second quarter. Oil prices continue to decline amid the pessimism over demand recovery, as well as ahead of OPEC+ meeting, UK economy enters a tepid recovery. The price of Brent oil is …

Monday, July 13th, today’s news—US stock indices rise, and the dollar is up, despite the rising number of new COVD-19 cases. Asian shares also rise, oil prices drop ahead of the expected easing in the supply cuts by OPEC+. The price of Brent oil is $42.80, WTI—$40.09. EUR/USD is at …

Friday, July 10th, today’s news—oil prices drop again due to expectations of lower demand amid the record surge in coronavirus cases. The same cause is behind the negative trends in the US, EU, and Asian markets, the latter are also affected by the US-China tensions. The price of Brent oil …

Thursday, July 9th, today’s news—US stock futures are trading steady after a record Nasdaq surge. The US dollar is down amid hopes of economic recovery, China's markets are higher following the better than predicted PPI as investors resume activity. The price of Brent oil is $43.27, WTI—$40.78. EUR/USD is at …

Wednesday, July 8th, today’s news—France's economy is set to rebound 19% in the third quarter, according to INSEE. However, overall negative sentiment returns to Asian and European markets, while the ECB doesn't intend to introduce new stimulus measures. The price of Brent oil is $42.94, WTI—$40.51. EUR/USD is at 1.1287, …