The futures contracts on Wall Street are rising by 0.8%, while the English pound
continues to rise against the US dollar!
Market News Briefing – 12:30 (GMT+1)
After the announcement that the UK interest rate will remain unchanged, the English pound jumps by 1.5% against the US dollar!
Breaking news – 12:00 (GMT+1)
Contrary to the expectations of investors, the Bank of England announced that he is leaving the interest rate unchanged at 0.5%.
The Bank of England believes it is too early to know what will be the effects of the exit of the UK from the EU and wants to wait a few more weeks before he receives new a decision.
Trading opportunity 10:00 (GMT+1)
AUD/USD
The pair is on a rising trend as we can see on 4 hours chart.
A triangle pattern was created and at the end of the hour the pair broke up the upper triangle line.
It’s a good opportunity to enter to a trade with the trend.
For Forex traders:
Buy between the levels of : 0.7600 – 0.7650.
Stop loss point : 105.90.
Take profit point : 0.7740.
For Binary options traders:
A call option between the levels of : 0.7600 – 0.7650.
Expiry time : end of the day, July 14.
Market News Briefing – 08:30
Today at 12:00 the UK’s central bank will deliver the interest rate decision for the first time since “brexit”.
The market is expecting that the bank will choose to cut interest rates by 0.25%.
Market News Briefing – 08:00
The Japanese Yen continues to weaken against the US dollar by 0.2% to a rate of 104.7 yen to the dollar.
Market News Briefing – 14:30
The global stock market erased all the falls that followed the announcement of the British exit from the EU
Wall Street stock markets traded in a positive trend for the fourth day in a row and the Dow Jones and S&P 500 continue to break records, in anticipation of the periodic report of the Federal Reserve on the state of the US economy, and also because of an encouraging results of US financial season which started this week.
Market News Briefing – 13:00
The US import prices climbed by 0.2% in June from the previous month following the increase in fuel prices.
This is the fourth consecutive month in which the imports prices have increased.
Market News Briefing – 12:00
Japan cuts its growth and inflation.
The annual GDP (fiscal year that starts in April) is expected to be only 0.9% – compared with a previous forecast of 1.7%.
The inflation is expected to be only 0.4% – compared with the previous forecast of 1.2%.
Market News Briefing – 10:30
For the first time in 7 years: Analysts expect UK interest rate cut
Tomorrow (Thursday) at 12:00 the British central bank will deliver his first interest rate announcement since his dramatic decision to leave the EU.
UK interest rate remains at 0.5% since March 2009.
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