Economic News Releases
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Pound slipping to its lowest level since 3rd January today against the US Dollar, however, we did see it recover towards the end of the session, down by 0.01%.
Today we saw reports that the UK Prime Minister Theresa May is under pressure to resign after backlash from MP’s over her latest Brexit deal.
Sterling weakened the most against the Japanese Yen, trading at the lowest level since 15th January down by 0.37% on the day. Yen stronger across the board today.
GBPUSD – Daily
The Euro falling to its lowest level in two years against the US Dollar today, trading at 1.11 level during the session.
It did recover towards the session, finishing the day 0.15% higher.
Forex Majors Summary
Oil suffering considerable losses today with both US Crude and Brent down by 5.20% and 4.10% respectively.
US Crude dipping below $58 per barrel level, its lowest level since 13th March – worst day off losses this year. Brent down by 4.10%, trading at $67.90 level towards the end of the European session.
Unlike the energy commodities, metal commodities gaining during the session today.
We saw Gold trading $1,286 level at the end of the day – up by 1.01%. Silver at $14.60 gaining by 1.18%.
USOUSD – Daily
All of the global Indices trading in negative territory today.
Biggest losses were seen in Europe with both DAX30 and FTSE100 trading lower by 1.66% and 1.48% respectively.
We saw Dow Jones Industrial Average tumble by around 400 points at the US open as the trade war between two of the worlds largest economies continues. Both Dow and S&P 500 down by 1.20% and 1.21% at the end of the European trading day.
Global Indices Summary
Losses for all major digital currencies.
Ethereum experiencing the most losses down by 4.27%, dipping to its lowest level of the week. XRP suffering similar losses, down by 4.22% on the day trading at $0.37 level.
By Klavs Valters
Sources: GO Markets MetaTrader 5, Datawrapper, Tradingview, CoinMarketCap, Bloomberg
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