InvestMacro

By ForexTime 

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

By JustMarkets

On Thursday’s stock market close, the Dow Jones Index (US30) increased by 1.00%, while the S&P 500 Index (US500) added 0.85%. The NASDAQ Technology Index (US100) closed positive by 0.81% on Thursday.

Weekly US Initial Jobless Claims rose by 3,000 to 220,000 from expectations of 5,000, indicating a stronger than expected labor market. The data boosted equities and reinforced the assumption that the Fed will be able to achieve a soft landing for the US economy. The US goods and services price index for August accelerated to 1.6% y/y from 0.8% y/y in July, the highest reading in 4 months and slightly stronger than expectations of 1.3% y/y. US retail sales for August rose by 0.6% m/m, which was stronger than expectations of 0.1% m/m. The probability of a rate hike by the US Fed has decreased further. Markets estimate the odds of a 25 bps rate hike at the September 20 FOMC meeting at 2% and a 25 bps hike at the November 1 FOMC meeting at 35%.

Equity markets in Europe were mostly up yesterday. Germany’s DAX (DE40) rose by 0.97%, France’s CAC 40 (FR40) gained 1.19% on Thursday, Spain’s IBEX 35 (ES35) added 1.44%, and the UK’s FTSE 100 (UK100) closed positive by 1.95%. The ECB decision contributed to the growth of European indices. Yesterday, the ECB raised the main refinancing rate by 25 bps to 4.50% from 4.25% and said the new level would make a “significant contribution” to controlling inflation. The ECB signaled its intention to maintain this rate, stating the following: “Based on the current assessment, the Governing Council considers that the ECB’s key interest rates have reached levels that, if maintained for a sufficiently long time, will make a substantial contribution to the timely return of inflation to target.” In other words, the ECB hinted at the end of the tightening cycle. The ECB also lowered its 2023 eurozone GDP forecast to 0.7% from the previous forecast of 0.9% and raised its 2023 inflation forecast to 5.6% from the previous forecast of 5.4%.

Oil prices are creeping higher, raising concerns about the impact on the downward trajectory of inflation. Prices for West Texas Intermediate crude, the US benchmark, are up 15% year-to-date and are above $90 a barrel. Prices for Brent crude, the international benchmark, are up 5% for the year and have also crossed the $90 mark. Saudi Arabia and Russia recently agreed to extend voluntary oil production cuts until the end of this year, reducing the global market by 1.3 million barrels of oil and boosting energy prices. Yesterday, oil prices were supported by news from China. The Bank of China (PBoC) lowered the reserve requirement ratio by 25 bps to 10.50% from 10.75%, which could stimulate economic growth and boost energy demand in China, the world’s second-largest oil consumer.

The EIA natural gas inventory report published on Thursday showed an increase of 57 bcf over the last week. This reflected negatively on prices as inventories came in above expectations at 50 bcf, although below the 5-year average for this time of year of 76 bcf. As of September 8, natural gas inventories were up 15.7% YoY and 6.8% above the 5-year seasonal average, indicating a sufficient natural gas supply.

Asian markets were mostly up on Thursday. Japan’s Nikkei 225 (JP225) rose by 1.41% yesterday, China’s FTSE China A50 (CHA50) gained 0.08%, Hong Kong’s Hang Seng (HK50) ended the day up by 0.21%, and Australia’s S&P/ASX 200 (AU200) ended Thursday positive 0.46%.

The People’s Bank of China (PBoC) lowered the reserve requirement ratio for most banks by 25 bps to 10.50% from 10.75%. Lowering the norm frees up cash for banks, allowing them to lend more to businesses and consumers. It will also lead to more liquidity in the Chinese economy, which could boost growth.

Data released on Friday also showed that China’s industrial production and retail sales rose more than expected in August. However, fixed asset investment declined, and new home sales fell, indicating that much of Asia’s largest economy remains under pressure. Chinese stocks have suffered significant losses for the year amid growing concerns that the country’s economic recovery is much slower than initially expected.

S&P 500 (F)(US500) 4,505.56 +38.12 (+0.85%)

Dow Jones (US30) 34,921.53 +346.00 (+1.00%)

DAX (DE40)  15,805.29 +151.26 (+0.97%)

FTSE 100 (UK100) 7,673.08 +147.09 (+1.95%)

USD Index  105.36 +0.60 (+0.57%)

• – China Industrial Production (m/m) at 05:00 (GMT+3);
• – China Retail Sales (m/m) at 05:00 (GMT+3);
• – China Unemployment Rate (m/m) at 05:00 (GMT+3);
• – Eurozone Trade Balance (m/m) at 12:00 (GMT+3);
• – US NY Empire State Manufacturing Index (m/m) at 15:30 (GMT+3);
• – US Industrial Production (m/m) at 16:15 (GMT+3);
• – US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3).

By JustMarkets

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

By JustMarkets

The Dow Jones Index (US30) decreased by 0.20% at Wednesday’s close, while the S&P 500 Index (US500) added 0.12%. The NASDAQ Technology Index (US100) closed positive by 0.29%. US consumer prices rose to 3.7% y/y in August vs. 3.2% y/y in July, which was stronger than expectations of 3.6% y/y. However, the market was supported by core inflation data. Core CPI declined to 4.3% y/y in August from 4.7% y/y in July, which matched expectations and was the smallest increase in nearly two years.

Moderna (MRNA) rose more than 6% yesterday, leading gains in the S&P 500 and Nasdaq 100 stocks after it reported that a modified version of its flu shot met key targets in a late-stage trial, paving the way for FDA approval of the vaccine. Ford Motor (F) shares are up more than 2% after UBS upgraded them to a “buy” rating with a $15 price target. General Motors (GM) shares added nearly 1% after UBS upgraded their rating to “buy” from “neutral” with a $44 price target.

Equity markets in Europe were mostly down yesterday. Germany’s DAX (DE40) was down by 0.39%, France’s CAC 40 (FR 40) fell by 0.42% on Wednesday, Spain’s IBEX 35 (ES35) added 0.12%, and the UK’s FTSE 100 (UK100) closed negative 0.02%.

Eurozone industrial production fell by 1.1% m/m in July, weaker than expectations of 0.9% m/m and the largest decline in 4 months. The ECB will hold its monetary policy meeting today. The probability of a 25bp ECB rate hike on Thursday rose to 64% from 46% after Reuters reported that the ECB’s inflation forecasts to be released today will remain above 3% in 2024, reinforcing support for a more hawkish ECB policy.

The weekly EIA report released on Wednesday was mostly bearish for crude oil and refined products. According to the EIA, crude oil inventories unexpectedly rose by 3.96 million barrels versus expectations for a decline of 2.475 million barrels. In addition, gasoline inventories unexpectedly rose by 5.56 million barrels vs. expectations for a decline of 850k barrels as US gasoline demand fell by 10.9% week-on-week to 8.307 million BPD, the lowest in 7 months. It also should be noted that September and October are typically seasonally weak months for oil.

Asian markets were mostly down on Wednesday. Japan’s Nikkei 225 (JP225) fell by 0.21% yesterday, China’s FTSE China A50 (CHA50) lost 0.23%, Hong Kong’s Hang Seng (HK50) ended the day down by 0.09%, and Australia’s S&P/ASX 200 (AU200) ended Wednesday negative 0.74%.

After an unexpected drop in the number of jobs in Australia in July, there was an increase in August, and the unemployment rate remained unchanged, indicating that the labor market remains resilient. Immediately following the data release, the Australian dollar hit a nine-day-high, bolstering the case for the RBA to raise the rate again as inflation remains high and the labor market remains resilient. Incoming RBA chief Michelle Bullock warned that policy decisions would be made month by month, depending on economic data.

S&P 500 (F)(US500) 4,467.44 +5.54 (+0.12%)

Dow Jones (US30) 34,575.53 −70.46 (−0.20%)

DAX (DE40)  15,654.03 −61.50 (−0.39%)

FTSE 100 (UK100) 7,525.99 −1.54 (−0.02%)

USD Index  104.76 +0.05 (+0.05%)

• – Australia Unemployment Rate (m/m) at 04:30 (GMT+3);
• – Japan Industrial Production (m/m) at 07:30 (GMT+3);
• – Switzerland Producer Price Index (m/m) at 09:30 (GMT+3);
• – Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);
• – Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);
• – US Producer Price Index (m/m) at 15:30 (GMT+3);
• – US Retail Sales (m/m) at 15:30 (GMT+3);
• – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
• – Eurozone ECB Press Conference at 15:45 (GMT+3);
• – US Natural Gas Storage (w/w) at 17:30 (GMT+3).

By JustMarkets

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

By JustMarkets 

As of Monday’s stock market close, the Dow Jones Index (US30) increased by 0.25%, while the S&P 500 Index (US500) added 0.67%. The NASDAQ Technology Index (US100) closed positive by 1.14% on Monday. Strengthening tech stocks provided support to the overall market yesterday. Tesla shares rose more than 7% after Morgan Stanley upgraded their rating. Additionally, Qualcomm shares were up more than 3% after Apple extended its contract with the company to supply semiconductor chips for modems for another three years.

On Sunday, US Treasury Secretary Yellen made bullish comments for equities, saying she “feels very good” about the premise of a soft landing as “all inflation indicators are going down,” and she is increasingly confident that the United States will be able to contain inflation without severely damaging the labor market.

Equity markets in Europe were mostly up yesterday. Germany’s DAX (DE40) added 0.39%, France’s CAC 40 (FR40) gained 0.52% on Monday, Spain’s IBEX 35 (ES35) increased by 0.75%, and the UK’s FTSE 100 (UK100) closed 0.25% up.

The European Commission lowered its 2023 eurozone GDP forecast to 0.8% from the previously projected 1.1%. It also lowered the Eurozone inflation forecast for 2023 to 5.6% from the previous forecast of 5.8%. Italian industrial production for July fell by 0.7% m/m, weaker than expectations of 0.3% m/m.

Berenberg currency analysts believe that the leveling of interest rates in the US and Europe, as well as the declining attractiveness of the US dollar as a safe haven, point to the possibility of a revival of the euro in the coming periods. Excess US government debt combined with potential refinancing difficulties could put downward pressure on dollar strength and give confidence to the euro. By the end of 2023, analysts forecast a significant strengthening of the euro against the dollar to 1.1200.

Norwegian inflation slowed more than expected in August. Data showed core inflation falling from 5.4% to 4.8% y/y and core inflation from 6.4% to 6.3% y/y. The consensus forecast pointed to an acceleration. All this raises doubts that Norges Bank will go for further monetary tightening. However, it should be understood that inflation is not as important to Norges Bank as it is to other central banks because Norway’s Central Bank operates on a model-based approach that places great importance on currency fluctuations and oil prices.

On Monday, oil prices fell from their highest in nearly ten months amid concerns about global energy demand after the European Commission cut its Eurozone GDP forecast. But dollar weakness on Monday provided support for energy prices. In addition, crude oil received support last Tuesday when Saudi Arabia and Russia announced an extension of oil production cuts until the end of the year. Oil was also supported by news of increased credit demand in China, the world’s second-largest oil consumer, which could lead to stronger economic growth and energy demand.

On Monday, natural gas prices received support from a rise in European gas prices to a one-week high. LNG production workers at key Chevron facilities in Australia began a partial strike last week after talks with management failed to reach an agreement. The workers said that if no agreement is reached, they will completely stop work for two weeks starting this Thursday.

Asian markets traded flat on Monday. Japan’s Nikkei 225 (JP225) decreased by 0.43% yesterday, China’s FTSE China A50 (CHA50) added 0.67%, Hong Kong’s Hang Seng (HK50) lost 0.58% on the day, and Australia’s S&P/ASX 200 (AU200) was positive by 0.50% on Monday.

In China, authorities returned to strong measures to defend the yuan. This came after the USD/CNY pair rose above the 7.30 level. Along with a much stronger CNY fixing, the PBoC issued a statement saying that market participants should “voluntarily maintain a stable market” and avoid speculative trades. However, sentiment towards China is still wary as other economic indicators for August continued to point to continued unfavorable factors for Asia’s largest economy.

Alibaba shares fell by 1.8% on Tuesday, extending losses after the head of its cloud division unexpectedly resigned this week.

S&P 500 (F)(US500) 4,487.46 +29.97 (+0.67%)

Dow Jones (US30) 34,663.72 +87.13 (+0.25%)

DAX (DE40)  15,800.99 +60.69 (+0.39%)

FTSE 100 (UK100) 7,496.87 +18.68 (+0.25%)

USD Index  104.53 -0.57 (-0.53%)

• – Australia NAB Business Confidence (m/m) at 04:30 (GMT+3);
• – UK Average Earnings Index (m/m) at 09:00 (GMT+3);
• – UK Claimant Count Change (m/m) at 09:00 (GMT+3);
• – UK Unemployment Rate (m/m) at 09:00 (GMT+3);
• – German ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
• – Eurozone ZEW Economic Sentiment (m/m) at 12:00 (GMT+3).

By JustMarkets

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

By George Prior

The European Central Bank would risk plunging the European Union into a long recession if it decides to raise interest rates at its pivotal meeting on Thursday, following the growth downgrades of the bloc by the European Commission.

This is the stark warning from Nigel Green, CEO and founder of deVere Group, one of the world’s largest independent financial advisory, asset management and fintech organizations, after the Commission, the executive arm of the EU, said on Monday that the economy will expand by just 0.8% this year and 1.4% in 2024.

The figures represent a downgrade from predictions by Brussels in May of 1% growth in 2023 and 1.7% next year.

The Commission also said that Germany is set for an extended recession in 2023 – it’s the only major European economy to witness an economic contraction this year.

Nigel Green comments: “It’s reported that the ECB’s decision on whether to raise interest rates or not on Thursday is on a knife-edge. This is because the central bank is having to deal with stalling growth and persistently high inflation.

“But we urge the ECB to refrain from raising interest rates considering the economic context and potential consequences.”

He continues: “The 0.4% contraction in Germany’s economy, coupled with the European Commission’s downward revision of growth expectations, suggests that the trajectory might be less stable than anticipated.

“In such a precarious environment, raising interest rates would further hinder economic growth and job creation.

“The largest economy in Europe is already struggling. Higher borrowing costs for businesses and consumers will further stifle investment and consumption, which are essential drivers of economic recovery. With Germany’s economy facing headwinds, it is crucial to maintain affordable-as-possible financing options to support businesses and individuals alike.

“Due to its size and influence, should the economic situation in Germany get worse due to further rate rises, there’s a real risk that the wider EU could be plunged into a long recession.”

The deVere CEO goes on to add: “The time lag for monetary policies is incredibly lengthy. It takes around 18 months for the full effect of rate hikes to make their way into the economy – and that’s where we are – and so financial conditions will get squeezed even harder in the near term.”

The ECB must also consider the economic divergence within the Eurozone. Raising interest rates could exacerbate disparities and potentially lead to further divergence among Eurozone countries.

It is crucial for the ECB to communicate its intentions clearly, notes the deVere CEO, to the markets and the public. Raising interest rates without adequate explanation could lead to market volatility and confusion, which are detrimental to economic stability.

He concludes: “Despite the risks of steering the wider EU into a recession with another rate rise, we expect that the ECB will argue it is still too soon to pause in its battle against inflation and, therefore, will go for one final hike on Thursday.”

About:

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices across the world, over 80,000 clients and $12bn under advisement.

By JustMarkets

At the close of the stock market on Friday, the Dow Jones Index (US30) increased by 0.22% (-0.86% for the week), while the S&P 500 Index (US500) added 0.14% (-1.61% for the week). The NASDAQ Technology Index (US100) closed positive by 0.09% on Friday (-2.61% for the week). Strengthening crude oil prices on Friday boosted energy stocks and the broader market. Stocks also received support as the likelihood grew regarding a pause in Fed rate hikes amid comments from Dallas FRB Governor Lorie Logan, who stated the following: “Another pass at raising interest rates may be appropriate at the FOMC meeting later this month.” Markets rate the odds of a 25 bps rate hike at the September 20 FOMC meeting at 7% and a 25 bps rate hike at the November 1 FOMC meeting at 48%.

Friday’s US economic news was negative for equities after consumer credit rose by $10.399 billion in July, weaker than expectations of $16.000 billion. On Friday, Canadian labor market data was released. In July, the number of employed in the Canadian economy increased by 39.9k, which was above expectations of 18.9k. The unemployment rate remained at 5.5%. A more detailed report showed that overall, Canada’s labor market remains resilient, but imbalances in certain sectors are widening, which could lead to problems in the future.

A draft document prepared by G-20 leaders meeting this weekend in India warned that “cascading crises” pose challenges to long-term economic growth and called for coordinated macroeconomic policies to support the global economy. In addition, global economic growth is uneven and below the long-term average as uncertainty about the economic outlook remains high, and the balance of risks tilts to the downside.

Equity markets in Europe were mostly up on Friday. Germany’s DAX (DE40) increased by 0.14% (-1.03% for the week), France’s CAC 40 (FR40) gained 0.62% (-1.25% for the week), Spain’s IBEX 35 (ES35) added 0.61% (-1.27% for the week), and the UK’s FTSE 100 (UK100) closed up by 0.49% (+0.18% for the week).

Berenberg currency analysts believe that the leveling of interest rates in the US and Europe, as well as the declining attractiveness of the US dollar as a safe haven, point to the possibility of a revival of the euro in the coming periods. Excess US government debt combined with potential refinancing difficulties could put downward pressure on dollar strength and give confidence to the euro. By the end of 2023, analysts forecast a significant strengthening of the euro against the dollar to 1.1200.

Asian markets were predominantly up last week. Japan’s Nikkei 225 (JP225) decreased by 0.58% for the week, China’s FTSE China A50 (CHA50) fell by 2.77%, Hong Kong’s Hang Seng (HK50) ended the week down by 2.10%, and Australia’s S&P/ASX 200 (AU200) ended the week negative by 1.67%.

HSBC currency strategists revised downward their forecasts for the Australian (AUD) and New Zealand (NZD) dollars against the US dollar (USD). Firstly, they assume that AUD and NZD will experience a weakening trend before stabilizing in the second quarter of 2024, with AUD/USD and NZD/USD rates reaching 0.62 and 0.55, respectively, by the end of the first half of 2024.

Bank of Japan Governor Kazuo Ueda said over the weekend that the central bank may end its negative interest rate policy when the 2% inflation target is reached, indicating a possible interest rate hike. Ueda said the central bank may have enough data by the end of the year to determine whether it can end negative rates. Currently, the BoJ is targeting short-term interest rates at 0.1% as part of its negative rate policy. In addition, 10-year government bond yields are at zero as part of efforts to revitalize the economy and sustainably meet targets.

Consumer prices in China returned to positive momentum in August, while the decline in factory prices slowed. According to the National Bureau of Statistics, the Consumer Price Index (CPI) rose by 0.1% year-on-year in August, slower than the median estimate of a 0.2% increase. The CPI declined by 0.3% in July. Core inflation, which excludes food and fuel prices, was unchanged at 0.8% in August. The Producer Price Index (PPI) fell by 3.0% from a year earlier, which was in line with expectations, after falling by 4.4% in July. According to analysts, overall, rate inflation still points to weak demand and requires more active policy support from the government.

S&P 500 (F)(US500) 4,457.49 +6.35 (+0.14%)

Dow Jones (US30) 34,576.59 +75.86 (+0.22%)

DAX (DE40)  15,740.30 +21.64 (+0.14%)

FTSE 100 (UK100) 7,478.19 +36.47 (+0.49%)

USD Index  105.07 +0.01 (+0.01%)

By JustMarkets

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

By JustMarkets 

As of Thursday’s stock market close, the Dow Jones Index (US30) increased by 0.17%, while the S&P 500 Index (US500) lost 0.32%. The NASDAQ Technology Index (US100) closed negative by 0.89% yesterday. The broader market was under pressure yesterday due to weakness in technology stocks. Apple (AAPL) stock prices fell again by more than 3% yesterday amid a Wall Street Journal report that China plans to extend its iPhone ban to government agencies and state-owned companies. Shares of Nvidia (NVDA) fell more than 2%, complementing Wednesday’s 2% drop after Research Affiliates said the stock is “a textbook story of a Big Market Delusion,” and with the stock trading at 110 times earnings, the stock is off the charts.

Stocks were also pressured by news that weekly US jobless claims unexpectedly fell to a 7-month low, indicating the strength of the labor market and could prompt the Fed to raise interest rates for longer.

Equity markets in Europe were mostly down on Thursday. Germany’s DAX (DE40) decreased by 0.14%, France’s CAC 40 (FR40) closed just above the open, Spain’s IBEX 35 (ES35) was 0.07% cheaper, and the UK’s FTSE 100 (UK100) closed positive by 0.21%.

Eurozone Q2 GDP was revised downward to 0.1% Q/Q and 0.5% Y/Y from the previously announced 0.3% Q/Q and 0.6% Y/Y. German industrial production for July fell by 0.8% m/m, weaker than expectations of 0.4% y/y. The Eurozone economy is showing resilience but with signs of an early slowdown.

Crude oil prices moved lower yesterday amid a stronger dollar and concerns over energy demand. The dollar index rose to a nearly 6-month high on Thursday, and global economic news was mostly weaker than expected, suggesting weaker energy demand.

Natural gas prices bounced off a two-week low on Thursday and rose moderately on lower weekly supplies after EIA natural gas inventories rose by  33 bcf, below expectations of  41 bcf. As of September 5, European natural gas storage inventories were 92% full, well above the 5-year seasonal average of 82% for this time of year. The US natural gas inventories as of September 1 were 7.6% above the 5-year seasonal average. Gas was also boosted by news from Australia. Workers at an Australian LNG plant are threatening two weeks of 24-hour shutdowns at two major export plants starting September 14 unless an agreement is reached. Inspired Plc predicted that Asian LNG buyers are “likely to raise LNG import prices” to replace Australian volumes in the event of a workers’ strike. Australia is the world’s third-largest exporter of liquefied natural gas (LNG), accounting for 10% of global supply.

Asian markets were mostly down yesterday. Japan’s Nikkei 225 (JP225) fell by 0.75%, China’s FTSE China A50 (CHA50) fell by 1.22%, Hong Kong’s Hang Seng (HK50) ended the day down by 1.34%, and Australia’s S&P/ASX 200 (AU200) ended Thursday negative by 1.19%. Most Asian stocks continued to decline on Friday as weak economic data from Japan added to concerns about slowing growth, while the prospect of higher US interest rates and deteriorating Sino-US relations weighed on technology stocks.

Japan’s Nikkei 225 index was the worst-performing index in Asia, down by 1%, after data showed Japan’s economy grew by 1.2% in the second quarter, less than the originally estimated 1.5%. The weak figures suggest that ongoing stimulus measures from the Bank of Japan may not be supporting growth as much as originally expected, which dampened investor sentiment toward local equities.

Asian tech stocks have been hit by calls from US lawmakers for a complete ban on technology exports to China after two companies, namely Huawei and Semiconductor Manufacturing International Corp, allegedly violated US trade restrictions. The move, coupled with Beijing’s recent restrictions on Apple, has heightened fears of deteriorating trade ties between the world’s largest economies, which could trigger a renewed trade war.

S&P 500 (F)(US500) 4,451.14 −14.34 (−0.32%)

Dow Jones (US30) 34,500.73 +57.54 (+0.17%)

DAX (DE40)  15,718.66 −22.71 (−0.14%)

FTSE 100 (UK100) 7,441.72 +15.58 (+0.21%)

USD Index  105.04 +0.18 (+0.17%)

• – Japan GDP (q/q) at 02:50 (GMT+3);
• – Canada Unemployment Rate (m/m) at 15:30 (GMT+3);
• – US FOMC Member Barr Speaks (m/m) at 16:00 (GMT+3).

By JustMarkets

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.