Market Overview

17 December 2020 12:17

Mark Goichmann

Federal Reserve (Fed) and its Chairman Jerome Powell have said nothing particularly new after the Fed’s Federal Open Market Committee meeting, which was the last meeting for 2020. Hopes for a further softening of monetary policy by the Fed eventually were not fulfilled. Interest rates were kept within the range of 0-0.25% and the Fed will continue to increase its holdings of securities by $120 billion a month, disappointing those who hoped for an extension of the purchase program. The monetary policymaker will buy U.S.
10 December 2020 08:24

Mark Goichmann

It may sound weird, but the title of the article can be found on a list of shock scenarios recently published by Saxo bank. There are no substantial calculations behind its forecasts, as the purpose of the list may rather be to point out possible shocks and surprises for the global economy for the year to come. However, this shock tactic may have some reason behind it, as some of these forecasted scenarios may be actual possibilities and developments that may unfold during 2021. One of the most intriguing scenarios suggested by Saxo Bank is the  rising demand for silver.
4 December 2020 12:41

Lysakov Sergey

One more attempt is happening this week to undertake a bipartisan relief package for U.S. firms and population. The amount of $908 billion was an opening offer this time, which is more than two times less than all suggestions that already failed in the course of tough pre-election fighting. Now the important deal is within reach, both Democrats and Republicans signalled. The new version of the aid program was developed by Senator Mark Warner, a Democrat from Virginia, and Susan Collins, a Republican from Maine.
2 December 2020 14:44

Mark Goichmann

Last month’s  movements of gold prices are startling. After an impersonal rally this year from $1451 per troy ounce in March, the yellow metal in November lost 10% of its maximum price of $1965 per ounce to $1774, the worst monthly loss for the last four years. Did gold lose its function as a safe haven asset in November amid roaring pandemic and global economic turmoil?  Hardly. Gold maintains its safe haven status. Economic “storms” and jeopardies have eased since this spring, when investors sheltered themselves in gold instruments.
30 November 2020 13:20

Lysakov Sergey

This is the end of a rather chaotic November, but still some regularities or patterns could be remarked upon. Vaccine hopes generally got the better of many market worries, including current COVID-19 limitations in many countries as well as protracted uncertainty around the U.S. power transition process, and what seems to be a never-ending Brexit deadline. Despite all odds, stock markets are keeping their standards high. The U.S.
27 November 2020 16:17

Frederico Aragao Morais

Today's market sentiment is being of appetite for risk. Stocks stabilize as investors consider positive factors such as the vaccine, the open path for Joe Biden in the White House and also Janet Yellen's nomination to the U.S. treasury. The yen accelerates on the Asian journey, spurred by the flight from risk related to fears about the effectiveness of covid-19 candidate vaccines. Treasury yields fell yesterday due to risk aversion, which led to bond rises. Oil prices follow mixed ahead of the OPEC+ meeting next week.
27 November 2020 12:07

Mark Goichmann

Bitcoin, a leading digital currency, lost almost 12.5% on Thursday morning after it almost hit all-time highs of December 2017 at $19,891. In 2020 the digital currency has repeated it’s hype fromthree years ago when it rocketed up by 484% from its lows of $4000 in March to this year’s high of $19,349 which was reached on Tuesday. Bitcoin has performed notably in November this year as it gained 37%. The rally in the leading cryptocurrency may be partially explained as it is positioned as a risky asset or “digital gold” opposed to the U.S. Dollar.
25 November 2020 14:10

Lysakov Sergey

Stock markets generally continued to grow all over the world while the U.S. Dow Jones Industrial Average (DJIA) index cracked a 30,000 psychologically powerful milestone on Tuesday, for the first time in history. DJIA went through the 20,000 mark in December 2016 when Trump became the elected president four years ago, and now the index is more than 10,000 points higher. The index is being fuelled by sharply rising oil prices, as the North Sea Brent benchmark soared above $48 per barrel, also hydrocarbon-related assets like Exxon Mobil (+6.66% on Tuesday) and Chevron (+5.
23 November 2020 14:03

Lysakov Sergey

The single European currency was steady above 1.1850 against the U.S. Dollar before noon, and then it even jumped to the 1.19 area despite a set of negative signals from the data presented by IHS Markit. However, it was a widely anticipated bad gift during the current epidemic situation, and so it could not really cook or spoil the real Euro goose. Some virtuous American folks may call it their Thanksgiving turkey, if the Greenback would rise instead of the Euro, in the lead-up to family celebrations in the United States. Just as Thanksgiving itself has been plagued by viral spikes, the U.S.
20 November 2020 13:17

Lysakov Sergey

The Chinese Yuan, or Renminbi, is almost unmoved today as People's Bank of China (PBoC) kept its one-year loan prime rate (LPR) steady at 3.85% for the eighth month in a row since April. That is a major lending rate applied for corporate and household loans, when another benchmark, a five-year LPR, which influences the pricing of mortgages, remained at 4.65% per annum. The interest rates in China are now almost 0.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Forex Demo Account
I understand and accept the Privacy Policy and agree that my name and contact details can be used by TeleTrade to contact me about the information I have selected.
23 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2021 Teletrade-DJ International Consulting Ltd

Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Telerade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies.

Telerade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.