The most important news from the international markets!
The President of the European Central Bank, Mario Draghi, reiterated on a Bank Conference in Frankfurt the ECB's readiness to further measures to stimulate the economy in the euro zone. An extension of the program for the purchase of government bonds at the ECB's meeting in December is increasingly likely.
The continuing weak growth of the global economy affects increasing impact on commodity prices. Not only the low oil and gold prices to send the index of commodity prices to a 16-year low. A close look shows that virtually all sectors are affected. In particular, the weaker growth of Chinese economy batters the commodity markets.
The uncertainty over Greece and weak data from Germany weaken the exchange rate of the euro at the beginning of the trading week.
The US-dollar continues falling after today's US economic data. An early increase in interest rates by the Fed is looking increasingly unlikely. The Euro climbs, however briefly above the mark of 1.08 US dollars.
The ECB leaves the interest rate at 0.05% as expected. While signs showing an increasing recovery in the euro zone, the release of disappointing US economic data continues.
Page 4 of 25
XM is an investment firm founded by financial professionals and headquartered in London, UK. XM's ambition is to provide fair trading for investors and traders, even with no negative balance with...
ThinkMarkets is a global Forex and CFD broker established in 2010. The company has its origins in Australia, where it is licensed and regulated since 2012 by the ASIC under the name TF Global...