Market Overview

23 July 2020 13:58

Lysakov Sergey

Markets continue to react in a predominantly positive way to the information coming from news feeds using a clearly risk-on approach. Such a conclusion seems to be confirmed at the moment, not so much by some new summer records for the U.S. S&P500 broad market index, where the fresh upward movements are still accompanied by pullbacks almost every day, but more by the fact that safe-haven potential of the U.S. Dollar is seemingly being ignored. For example, Pfizer and BioNTech yesterday announced a new agreement with the U.S. Government that already placed an initial $1.
22 July 2020 15:02

Frederico Aragao Morais

Yesterday the markets had a greater appetite for risk. European Union leaders have agreed on a recovery plan. Good prospects for an Oxford vaccine are also enlivening the markets. The Stoxx Europe 600 index rose 0.3%, after European officials reached a historic agreement on the terms of the recovery plan. In the United States, the Dow Jones appreciated 0.60% while the S&P500 grew 0.17% and the Nasdaq fall 0.81%. Yields for Treasurys and European bonds showed a moderate reaction on Tuesday to the deal on the European Union recovery fund.
22 July 2020 12:44

Lysakov Sergey

While European and global stock markets are making a pullback after a spectacular jump at the beginning of the week, the U.S. Dollar is crawling just a little higher against the basket of major reserve currencies keeping its weakening overall trend intact. In particular, after a brief decline to the area of 1.1505 before noon, the single European currency soared again above 1.1540 vs its American competitor, as the Euro-nominated assets are getting support by the New Generation EU stimulus package adopted by the Old World leaders.
22 July 2020 06:58

Mark Goichmann

The recent decline of the U.S. Dollar prompted a “mainstream” suggestion that the American currency is moving towards the underworld. For example, some expect the Euro to climb to the 1.30 level versus the Dollar. Mizuho Bank analysts suggest that the recently approved UE recovery fund worth 750 billion Euros will complement this decline as this recovery plan suggests huge EU nations’ borrowings denominated in Euros. This move will create a steady cash inflow in government bonds and may raise the demand for the Euro.
21 July 2020 15:00

Frederico Aragao Morais

Yesterday was marked by a reversal of market sentiment. The day started out with a feeling of risk aversion, but ended with the possible conclusion of the negotiations on the European recovery fund, as well as with positive expectations regarding an Oxford vaccine, which is most probably the cause of greater confidence in the markets. The Stoxx600, an index that aggregates the 600 highest quoted shares in the Old Continent, closed at 0.75% to 375.51 points. The US indexes appreciated, with a rise of the Dow Jones  by 0.03% while the S&P500 appreciated by 0.
21 July 2020 13:06

Lysakov Sergey

Even before the happy end of the five-day historical European summit, this summer's newly updated record above the 3,250 mark on the broad-based U.S. S&P500 index late in New York set a very positive tone for the global markets. This American mood was caught by the European wings and was then raised even higher with fresh four-month highs of the Euro Stoxx 50 composite index and also by national German and Italian stock indexes. The French CAC40 index is still on track to repeat its peak values of June.
20 July 2020 12:55

Lysakov Sergey

The long-awaited EU summit in Brussels lingers, as Monday happens to be the fourth day of haggling. It seems like the forecasts of Hungarian Prime Minister Viktor Orban, who said that the summit would reach an agreement even if the negotiations drag on for a week, are beginning to come true. At least, in terms of the length of the country leaders' talks. The summit was originally supposed to be completed in two days.
17 July 2020 13:02

Lysakov Sergey

The European Central Bank (ECB) kept its ultra-loose policy on Thursday after taking unprecedented measures over the past several months to fight the recession. At a post-policy meeting press conference, the ECB President Christine Lagarde commented that incoming information "signals a resumption of Euro area economic activity, although the level of activity remains well below the levels prevailing before the coronavirus pandemic, and the outlook remains highly uncertain". Indeed, the composite Eurozone ZEW Economic Sentiment for July showed a five-year record of 59.
17 July 2020 11:11

Frederico Aragao Morais

Yesterday the market sentiment was one of risk aversion. Fears surrounding the sharp rise in cases of covid-19 infection in the US also continue to weigh on investor sentiment, notably due to the impact this will most likely have on the economy. In particular, the Stoxx 600 – the European benchmark index - fell 0.47%. In the United States, the Dow Jones index depreciated by 0.50% while the S&P500 index lost 0.34%, with the technological Nasdaq index being the only one that won - although only by 0.73%.
16 July 2020 13:36

Lysakov Sergey

European stocks are slightly dropping after yesterday's take-off due to uncertainty on whether the recovery fund will eventually be approved with some possible intermediary news this Friday, when EU leaders will gather in person to seek a deal. Meanwhile, the epidemic situation in North and South America continues to threaten the global investment climate. The U.S. has recorded an all-time daily peak of 71,500 new positive viral tests on July 15, although the daily COVID-related death numbers in July remains half of what it was in spring, before the economy began to re-open.
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.
37 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.

© 2011-2020 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. TeleTrade-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. You may change your cookie consent or view our cookie declaration here.

TeleTrade-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.