Marking a New Top

The Dow Jones hits new heights.

Economic News
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Marking a New Top

The Dow Jones index rose to a new historical mark of 23,000. This is the sixth "thousand" barrier overtaken during the past 12 months. It is expected that before his business trip to Asia, Donald Trump will announce a new head of the Federal Reserve. According to forecasts, the odds of current chief Janet Yellen retaining her post are not great. However, if she remainds on her post, it is possible to expect a sharp growth in the dollar. If the choice is made in favor of Jerome Powell, supporting a gradual rise in interest rates, this will have a negative impact on the US dollar.

In the US, there are a number of important releases, such as data on crude oil stockpiles, the number of building permits issued and the Beige Book of the Federal Reserve.

In the eurozone the tangible pressure on the single currency continues due to the tense situation in Spain. However, today there is a press conference of the European Central Bank in Frankfurt, which in addition to the chairman, Mario Draghi, will be attended by other members of the board.

You can find more information here.

SuperForex
Gold Slumps in Price

Economic News

Gold Slumps in Price

With the news of a more hawkish leader of the Federal Reserve, the prices of precious metals dropped earlier today.

SuperForex
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Oil Rising Due to Conflict

Economic News

Oil Rising Due to Conflict

New fighting in Iraq has led to an increase in the price of oil.

SuperForex
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Oil Grows in Price

Economic News

Oil Grows in Price

The dollar is trying to win back its positions.

SuperForex
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