Russian shares retreated on Monday, as Dollar is stable ahead of the Yellen speech. What happened at the US Payrolls? How did the US-China summit go? Find out now!
FED Chairman Janet Yellen did not disappoint the markets and clarified some information about the increase of the interest rates timing.
The ECB baulks hopes, as no signal for folding stimulus, has been given. Dollar gains before Trump swear in.
The effect from a hawkish Yellen speech has been short-lived, as markets focus on Trump; Chinese shift to consumption deepens, hurting manufacturers.
The FED head Yellen boosts rate hike expectations, which sends the Dollar to a 14-year high. This crashes the Gold to a 6-month low.
According to Yellen’s speech on Friday in Boston the FED may be forced to create some “high pressure” in the economy to get over the blows, which curbed production.
Dollar made a U-turn after dipping to 97.50 level as the investors remain optimistic about the FED, gaining 0.38% during the London trading.
The world’s markets are beginning to return to the usual rhythm of the August calm, which was halted by the comments of the head of the US Federal Reserve, Janet Yellen.
Crude oil prices are now looking somewhat determined in their attempt to occupy the next important bullish bastion of $25/bbl.