News Compilation

The pound and the dollar are on the rise after the recent news.

Economic News
29 lis 2017
News Compilation

Tonight, while the whole of Asia was still asleep, North Korea launched a ballistic missile again, thus breaking the nearly two-month lull. This news briefly pushed the market towards safehaven currencies. Recall that earlier this year the DPRK launched more than a dozen rockets.

Yesterday's news that the EU and the UK have reached an agreement on the conditions of Brexit and that the Kingdom will continue to pay the EU after leaving the Eurozone served to support the pound and brought it growth.

Tuesday's vote in the Senate for the adoption of the budget, which should also deal with tax reform, brought Trump's proposal one step closer to final approval and will soon be signed by President Trump, which in turn supported the reserve currency.

Furthermore, US stock indices updated their highs against the background of President Donald Trump's administration and the intention to explore aluminum imports from China, which could lead to an increase in rates and the resumption of production in the country. This caused an increase in the stocks of Century Aluminium Co. and Alcoa Corp.

Today we expect lots of news and speeches from members of the central banks. There will also be published monthly reports and forecasts.

One of the most anticipated news for today, despite the fact that many analysts predicted it, is that the rate of the most popular cryptocurrency Bitcoin reached over $10,000, and now it seems likely before the end of the year Bitcoin will trade closer to the mark of $12,000. At the moment Bitcoin has updated its maximum, which was $10,873 and is now trading near the mark of $10,667.

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