Fill in your details below to log in to your MyAccount area.
up to 1:500
CFD asset classes
LATEST MARKET NEWS
Other fundamental news that may affect markets today is the Fed’s statement that they fear weak inflation data – further hurting USD by saying they should hold interest rates until it is clear that this a temporary trend – being in fact a unanimous decision by the Fed. Of course, the duality of the statement is that it also seeks to trim its mortgage-backed securities and Treasury bonds which should have a positive effect on its currency.
Oil price saw a slight increase due to EIA data showing depleting of US Crude Oil reserves.
Today’s major economic events includes Australia’s Employment Change and Unemployment Rate for July, the EU’s CPI is also slated to be released along with the ECB’s Monetary Policy Meeting accounts.
Another thing traders might need to be aware of in the fundamental news side of markets is the Trump administration being embroiled in a yet another media storm due to the president’s statement surrounding the violence and the death of a young woman in Charlottesville, Virginia. This has resulted in the fear that even more high ranking officers of the administration resigning and Trump has disbanded two prestigious business advisory boards after multiple CEO’s quit in reaction to the President’s Charlottesville statement.
Allies outside the United States are also condemning Trump’s soft stance regarding the violence and the Neo-Nazi’s involved. Since yesterday (when this was announced) the dollar has been in decline.
This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.
Tight, reliable and transparent spreads on a multitude of highly mobile markets, forex from 0.0 pips, indices from 0.5 points and oils from 4 points.
Use the industry preferred MT4 platform to trade anywhere, anytime on mobile or desktop.
Full Suite of Education Tools
No matter what level trader you are STO offers you access to expertly created education materials to master advanced concepts, strategies and various types of trading.
Trade Confidently with a Regulated Broker
STO is a fully regulated and registered broker ensuring you can trade confidently no matter what market, CFD instrument or account you choose to trade with.