Forex Marketz Daily Forex News – Fully Markets Update
Good morning and welcome to CupO’Forex. This is your daily video analysis for Wednesday, September 17.
Let’s get started!
Overnight U.S. equities markets shot higher, as the Standard and Poor’s 500 closed just under the key technical level at 2,000. Yesterday’s surge higher came on renewed hoped that the U.S. Federal Reserve will not raise rates anytime soon. There was also investor hope that Beijing would introduce another round of stimulus to support a slowing economy in China. This hope has carried forward into the Asian markets this morning as they are mostly higher. These hopes for new stimulus also caused crude oil to jump higher.
Today is a busy economic news day. The European Union will be releasing inflation data. They are in an all-out war to combat deflation and it will be interesting to see if the recent moves by the European Central Bank has helped. Doubtful, as it is too early for these recent stimulus packages to have had an effect today. Do not be shocked if we see poor numbers here.
Later this afternoon, out of the United States, we also have inflation data being released. We expect these numbers to at least meet their targets. All in all a busy day!
Thank you and have a great day trading!