The Wednesday ISM report revealed significant slowdown in business activity in the US service sector.
European and Asian indices have re-ignited their appetite for mining and energy companies.
Just a few hours ago, the head of the Federal Reserve of New York told some interesting things that have sent the USD up north.
Chinese stocks have resumed their decline, as investors hurried up to take profit in the depressed market.
European indices extend their decline for the second consecutive day together with falling Oil prices.
Oil’s longest upward streak halts as China’s industry sector keeps slowing down and OPEC maintains high pumping volumes despite global surplus.
People trade stocks, precious metals, commodities and Forex because they believe trading is a holy grail and can make their dreams come true.
Last week Oil has continued a correction which can unexpectedly end with, for example, negative data from China.
Don’t miss the key economic events that will move the markets next week
The meeting of OPEC and non-OPEC exporters can take place in February or March
Bank of Japan’s decision to cut the interest rate was quite surprising for markets
A decision on federal funds rate was supposed to be taken at yesterday’s FOMC meeting
We have pushed away from the strong support zone, therefore will be waiting for our next scenario
Crude prices have lost their fragile balance again dropping below the level.
Risk and leverage are two scary terms but they go hand in hand when it comes to trading, especially in highly leveraged markets like FX and CFD’s.