OctaFX | OctaFX Forex Broker
Open trading account

China to come on board and ruin the mood? - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the American dollar has fallen against all of its major counterparts this Wednesday.

Key Quotes:

"Although the EUR underperformed across the board, on speculation the ECB's Monetary Policy meeting accounts will offer hints of further easing coming from the Central Bank, before the year end."

"Risk appetite led the financial boards, with stocks generally higher worldwide. This Thursday, however, Chinese markets will re-open after being closed since the end of September, and may disrupt the recent positive mood."

"From the macroeconomic front, German data disappointed once again, as the country's Industrial Production in August fell 1.2%, against expectations of a 0.2% advance, while there were no relevant news in the US."

Oil ends lower after US inventories report

Crude oil failed to sustain early gains and ended in negative ground for the day after a report showed US crude stockpiles rose more than expected last week.
Read more Previous

GBP/CAD recovers above 2.000

GBP/CAD regained the 2.000 level during the American afternoon, underpinned by a strong GBP rally and a weaker CAD amid falling oil prices following the release of the US EIA report.
Read more Next
Start livechat