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Sunday, 24 March 04:52 (GMT -05:00)



Foreign exchange market

Tillerson Gets Fired, Dollar Responds with a Drop


International investors are concerned about Donald Trump’s decision to fire another high-ranking politician from his administration. This time it was Rex Tillerson. He used to serve as the U.S. Secretary of the State, which means he used to be responsible for the United States’ foreign affairs. Later on, Donald trump tweeted that he was going to make Mike Pompeo the next Secretary of the State. For those of you who don’t know, Mike Pompeo used to serve as the Director of the Central Intelligence Agency.
 
At the same time, NordFX experts report that the U.S. Dollar responded to the news with a bearish move. The U.S. stock market showed weakness as well.

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The USD index, which indicates the U.S. Dollar exchange rate against a basket of 6 other majors, dropped down to the 72-hour low shortly after the news. Because of that, S&P 500 started the trading day lower than expected.
 
Some experts believe that more and more high-ranking politicians with moderate views have been ousted from Donald Trump’s administration. This tendency has been raising a lot of concerns regarding the possibility of more radical forces occupying the U.S. political circles.
 
According to the latest report provided by Market Leader, the 10-year Fed bond yield dropped down to 0,03% down to 2,84% the other day. The situation is believed to have also been affected by an inflation slowdown. The MSCI All-Country World index, reflecting the stock market situation in 45 countries of the world, gained over 0.1% shortly after the news about Rex Tillerson. At the same time, European stock markets opened slightly above the close of the previous trading day, even though they dropped a bit alter on the day.
 
It should be noted that the global index managed to regain almost half of the lost value during February’s bearish market. Massive sellouts took place amid strong American payroll figures. International investors start being afraid of stronger inflation and faster monetary toughening by the Federal Reserve.
 
The experts working for the Organisation for Economic Co-operation and Development (OECD) has raised their forecast for the global economic growth in 2018. At the same time, they stated that the Federal Reserve would probably have to implement 4 interest rate hikes this year amid stronger inflation.
 
European stock index STOXX 600 dropped by 0,2% on the trading day. Asian stock index MSCI gained 0.2%. The U.S. Dollar dropped against the common European currency. Brent oil futures lost around 0,5% after dropping from 61,01 to 64,60 dollars per barrel. On the contrary, gold appreciated a bit after the news about Rex Tillerson.

 

 

 

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Alpari Eurasia Joins Belarus Association of Financial Market Development

 In order to stay ahead of the rivals, forex companies have to keep on improving, introducing new products and services, innovating, expanding their presence in the global market. Alpari has reported about joining the Association of Financial Market Development in the Republic of Belarus. The decision was made on March 2019, given Alpari's significant contribution to the development and improvement of the local forex industry.

Publication date: 14 March 12:31 PM

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Publication date: 11 March 11:13 AM

FxPro Conducts Professional Training for Forex Traders

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Publication date: 10 March 05:52 AM

NordFX Shares Forex and Cryptocurrency Forecasts for Early March 2019

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Publication date: 03 March 11:09 AM

How Scams Exploit FxPro Reputation

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Publication date: 02 March 01:10 AM

Brexit Won't Affect British Pound Just Yet, NordFX Experts Say

The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.

Publication date: 26 February 11:19 AM

NordFX Wins 3 Forex Awards

NordFx is reported to have become the winner in 3 nominations of the prestigious Forex Awards.

 

Publication date: 22 February 02:55 AM

Cryptocurrency Market Will Get Feverish By Mid February 2019

There is quite a lot of factors out there capable of influence the currency market in general, and cryptocurrency market in particular. In their turn, currency exchange rates can influence the entire world. At the same time, professional traders and investors take those exchange rates into account to avoid losses and make profits. At the same time, they don't mid taking expert opinions into account to be more accurate in their own predictions as well as the trading decisions based on them.

Publication date: 11 February 10:36 AM

NordFX. Forex and Cryptocurrency Forecast. Early February 2019

NordFX is back with their weekly consensus forecast for the week. We must confess that the forecast based on a number of technical indicators and expert opinions have been really efficient in predicting future market behaviors. With that being said, this is an overview of the recent forecast made for the current trading week, which is February 4-8, 2019.

 

Publication date: 04 February 11:05 AM

Chinese New Year

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Publication date: 03 February 03:20 AM