Gmo Trading

At the morning trading, On Wednesday, August 7, the European currency is being traded-in positive territory, trying to win back the losses of the previous day. On Tuesday, the EUR / USD currency pair formed a downward movement during the trading session. In the first half of the day, a local minimum was set at 1.1167, and then the "Eurobbulls" managed to win back most of the losses. In accordance with critical macroeconomic statistics in Germany, industrial orders were published, which rose by 2.5% in June, while analysts had expected an increasing by 0.5%. At the same time, the May value was revised upward from -2.2% to -2%. No essential macroeconomic statistics have been published in the United States. The representative of the Fed, James Bullard made a statement Yesterday that for now, he did not see the conditions in order to reduce the interest rate by 0.5% at a time. He believes inflationary pressures continue declining, while the labor market remains stable. A...

Most of the Asian stock indices rose on Monday to news of a truce between China and the United States The United States has postponed the imposition of sanctions on Chinese imports by $ 325 billion, China has promised to increase purchases of food in the United States, and the Chinese corporation Huawei has been able to partially purchase components from American suppliers. Countries have not yet resolved the main differences. Among them is the protection of intellectual property. Against the background of positive news, indices went up. The Chinese Shanghai Composite added 1.88%, the Japanese Nikkei 225 up 1.95%. The most significant growth was in the technology sector companies. After the G20 summit, the next event that will affect the stock exchange will be the two-day OPEC conference in Vienna, which will take place today. The key issue of the meeting will be an agreement of exporting countries on restrictions on the extraction of raw materials. In the case ...