Nachrichten

Dollar Holds Firm amid Rising Global Growth Concerns

Meldungsarchiv

2011 2012 2013 2014 2015 2016 2017 2018 2019

USD

The dollar index which measures the greenback against a basket of major currencies rose to a high of 96.47 during the Asian session. The Chinese economic data showed that the Chinese economy grew at its slowest pace since 1990 in the fourth quarter of 2018. Moreover, the International Monetary Fund downgraded the global growth figures for 2019 and 2020 citing a slowdown in China and the Eurozone, and protectionism. The USDCAD rose to a two-week high of 1.3341, and the EURUSD dropped to a low of $1.1345. 

Metals

Gold edged slightly higher ahead of the start of the European trading session as growth concerned made the safe-haven more appealing. The gold ounce rose from a low of $1277 to a high of $1284. Meanwhile, the silver ounce traded below $15.30, and Palladium dropped to $1360.

Oil

Oil drifted lower amid rising over a global economic slowdown. Oil prices climbed almost 20% this month on hopes of a trade deal between China and the United States and the effect of the OPEC+ production cut. However, the recent economic figures suggest that the global economy could face a slower-than-expected slowdown which could hurt the demand for oil in the coming two years. The West Texas Intermediate crude futures dropped to a low of $53.40, and Brent futures tumbled to $61.93.

Major Economic Events

GMT Country Event Expectation Previous
9:30 UK Average Earnings Index +Bonus (Nov) 3.3% 3.3%
9:30 UK Claimant Count Change (Dec) 20.0 21.9
9:30 UK Unemployment Rate (Nov) 4.1% 4.1%
10:00 EU German ZEW Economic Sentiment (Jan) -18.4 -17.5
15:00 US Existing Home Sales (Dec) 5.25 5.32
21:45 NZ CPI (YoY) (Q4) 1.8% 1.9%


Disclaimer

The prices and news mentioned in this outlook are absolutely no guarantee of future market performance and do not represent the view of ICM.COM. Financial markets can move in either direction causing profits to be made or complete losses to be incurred by the trader. Each trader must decide for themselves what their risk appetite is and ensure that correct risk management procedures are in place before placing any trades.

CFDs und Spot FX sind komplexe Instrumente und bergen aufgrund der Hebelwirkung ein hohes Risiko, schnell Geld zu verlieren. Beim Handel mit CFDs verlieren 72.87% der Konten von Privatanlegern mit diesem Anbieter Geld. Überlegen Sie, ob Sie verstehen, wie CFDs und Spot FX funktionieren, und ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren. Weiterlesen
Weiterlesen
Mail Anrufen Chat