Forex market reviews

Media reviews

18:14 (GMT+3)

Stocks - Wall Street Rises on Trade Optimism (news: 12/12/18)

Investing.com – Wall Street was higher on Wednesday, with market sentiment boosted on hopes that the U.S. and China will strike a trade deal soon.

Market sessions

Matthew Anthony

10:51 (GMT+3)

EURUSD: rebound from the trend line likely

On Tuesday the 11th of December, trading on the EURUSD pair closed down. The single currency’s slide against the greenback was facilitated by a broadly stronger dollar, a statement from Italian Finance Minister Giovanni Tria, and a drop in German 10-year bond yields ahead of the ECB meeting.

Market sessions

Matthew Anthony

09:48 (GMT+3)

EURUSD: euro and pound under pressure

On Monday the 10th of December, the euro dropped to 1.1352 against the dollar. This movement was facilitated by both technical and fundamental factors. The euro dragged the pound down with it, which plummeted against the dollar by 250 pips. The pound’s collapse was brought about by UK Prime Minister Theresa May’s decision to delay the parliamentary vote on her Brexit deal, which was scheduled for the 11th of December. The Prime Minister’s opponents have labelled her decision as cowardly.