July 16, 2018
Major U.S. indices kicked off the week on a higher note supported by last week’s gains. The Dow Jones and SPX500 posted their biggest weekly gain in six weeks. President Donald Trump bragged about the performance of the US stock market and said that the Dow Jones surpassed 25000 even before fixing the trade issues.
July 13, 2018
ICM, the leading London-based FX and CFDs provider, reported that the robust economic data from the United States continue to defend the monetary policy stance of the Federal Reserve, thus supporting the US dollar.
July 12, 2018
Major U.S. indices rebounded during the Asian session on the news that U.S. and China have held multiple discussions. Officials declared that the Trump administration is open for further discussions.
July 11, 2018
Major US indices fell as the US administration announced that $200 billion of Chinese goods are going to be affected with 10% tariffs. China's ministry of commerce said that the US actions are shocking and totally unacceptable, and China will retaliate using its own countermeasures.
July 10, 2018
US indices rose for the third consecutive day as traders continue to digest the economic data from the United States. The data suggests that the economy is still in its expansionary face and outperforming other major economies.