Tax Reform Increases Corporate Income

Economic News
29 mar 2018
Tax Reform Increases Corporate Income

Many macro reports have been published this week. US data released on Wednesday showed a faster rate of economic growth in the fourth quarter than expected. The dollar index starting Tuesday showed a positive trend and the dollar rose against a basket of major currencies. The Japanese yen fell against the dollar to a two-week low.

Oil prices also retreated from the highs, but at the moment Brent and WTI have multi-directional vectors. Brent lost -0.22%, while the gained WTI +0.23%.

The loudest event in the markets this week was the news of the expulsion of Russian diplomats. Today we know that in connection with a political scandal in more than 20 countries more than 140 people were expelled. Against the background of these events, the Russian ruble began to lose in price, and Russian stocks after the news lost more than $3 billion in a single day. It may also cause the sale of long-term debt investments.

The capitalization of the cryptocurrency market continues to decline. Following the reference cryptocurrency, Bitcoin is traded near the $7,500 level. The remaining cryptocurrencies are showing a decrease.

SuperForex
Tariffs Continue to Rattle Markets

Economic News

Tariffs Continue to Rattle Markets

We expect to learn more about Trump's tariff plan, but in the meantime the markets are in turmoil.

SuperForex
29 mar 2018
Tariff Tensions

Economic News

Tariff Tensions

Trump has proposed several different sets of tariffs which are upsetting the global financial markets.

SuperForex
28 mar 2018
US Looks Towards Korea

Economic News

US Looks Towards Korea

The US is improving relations with South Korea in preparation for its negotiations with its northern counterpart.

SuperForex
27 mar 2018