Market News

The telecoms giant, which will also invest $1bn more in the US, said the tax reform was “monumental”.

New Zealand’s gross domestic product advanced 0.6 percent on quarter in the third quarter of 2017, Statistics New Zealand said on Thursday.

That was in line with expectations and up from the upwardly revised 1.0 percent increase in the three months p…

New Zealand GDP +0.6% On Quarter, +3.0% On Year In Q3

The material has been provided by InstaForex Company – www.instaforex.com

(posted the night before)Good morning, it’s Paul here.Here is the usual placeholder article, for your comments from 7am, on the day’s RNSs.

Good morning, it’s Paul here.
It’s another quiet day today, with the market winding down for Christmas. There are still some interesting things going on though.Bitcoin maniaMy view on this remains unchanged – that blockchain technology sounds fascinati…

Brazil’s total public debt in securities increased 1.60% in November compared to October, reaching R$ 3.493 trillion (US$ 1.06 trillion), within the range stipulated in the Annual Financing Plan (PAF), between R$ 3.450 trillion and R$ 3,650 trillion, …

After the approval of a controversial pension reform, the Argentinean ruling coalition pressed ahead the tax reform bill sponsored by the Mauricio Macri administration. The legislation obtained 146 votes in favor, 77 against and 18 abstentions.

Now t…

Seven out of ten Brazilians consider Michel Temer’s administration bad or very bad, according to the latest CNI/Ibope survey. Still, the assessment of his government was less bad in December (74%) than in the previous survey conducted in September (77…

Following the notable decline seen in the previous session, treasuries saw some further downside during trading on Wednesday.

Bond prices moved lower early in the session and remained in negative territory throughout the day. As a result, the yield o…

The Commerce Department’s findings on Wednesday could lead to trade duties of almost 300%.

The dollar is turning in a mixed performance against its major rivals Wednesday afternoon. After a weak start, the buck is paring its losses against its major European rivals and continues to rise against the Japanese Yen. Traders have been keeping a …

Crude oil futures rose Wednesday after government data showed U.S. oil inventories continued to dwindle last week.

The Energy Information Administration said crude inventories fell by 6.5 million barrels (bbl) in the week to Dec. 15, compared with an…

Gold futures rose Wednesday as dollar softened on the passage of major U.S. tax reform.

Congress approved the most sweeping tax reform since 1986, sending the bill to President Donald Trump, who is expected to approve before the holidays.

Feb. gold …

A broader technical picture offers perspective on price with respect to trend. Here are the updated targets & invalidation levels that matter on the weekly charts.

FTSE 100 closed in the red, joining European and US indices, as the bullish momentum evaporated. The UK’s premier share index finished almost 19 points lower at 7,525. The FTSE 250 on the other hand, added almost nine points to close at 20,350. In the currency markets, the pound is down 0.23% …

Consumer goods major, Anglo-Dutch Unilever fell 1.4%. In Paris on the CAC 40, hotel operator Accor lost 1.7% and luxury-goods retailer Kering dropped 1.6%. Automotive supplier Valeo rose 0.8%. The pan-European STOXX 600 fell 0.71% and the DAX dropped 1…

The US president will end the year by signing the biggest rewrite of the tax code in a generation.

New Zealand’s GDP report may spark a bearish reaction in NZD/USD as the growth rate is anticipated to slow to an annualized 2.4% from 2.5% in the second quarter of 2017.

Step forward sub prime lender Provident Financial, which has seen 70 per cent of its share value wiped out this year, a demotion from the FTSE 100, several profits warnings and the departure of its chief executive Peter Crook. It has been a dreadful ye…

House Re-Votes In Favor Of Tax Reform Bill

The material has been provided by InstaForex Company – www.instaforex.com

Electricity generator Drax suffered its sharpest intraday plunge in five months after admitting that a fire at Britain’s largest power plant had sent £10m in earnings up in smoke. The firm revealed that a fire broke out where highly flammable biomass pellets are offloaded on to a conveyor belt, causing its …

Subscribers of our Technical Traders Wealth Building Newsletter were told before the market opened that stocks were set to gap higher and then fill the price gap. Only 12 minutes after the market opened the gap window was filled for a 9.5 pt move in th…

Subscribers of our Technical Traders Wealth Building Newsletter were told before the market opened that stocks were set to gap higher and then fill the price gap. Only 12 minutes after the market opened the gap window was filled for a 9.5 pt move in th…

Subscribers of our Technical Traders Wealth Building Newsletter were told before the market opened that stocks were set to gap higher and then fill the price gap. Only 12 minutes after the market opened the gap window was filled for a 9.5 pt move in th…

European stock markets dropped for a second straight day on Wednesday, with some preholiday selling taking place as the U.S. made a huge leap forward in approving highly anticipated tax reform. What are markets doing: The Stoxx Europe 600 index dropped…

On Shire’s potential spin-off of its ADHD business, Jefferies said it was “unsure if significant value can be created given the franchise’s material contribution to the group’s profit, and a transaction could potentially be negative to the outlook.” Sterling strength pulled the wider market lower as the FTSE 100 …

… while France’s CAC 40 index fell 0.6% to 5,352.77. The U.K.’s FTSE 100 index lost 0.3% to 7,525.22 (http://www.marketwatch.com/story/ftse-100-adrift-after-hitting-6-week-high-with-imf-to-discuss-view-on-uk-economy-2017-12-20). The euro rose to $1.1877, up from $1.1840 late Tuesday in New York.

A multi-timeframe look at oil prices highlight a pending breakout in crude. Here are the updated targets & invalidation levels that matter.

The US dollar is treading water today that enables its counterparts to consolidate around the current levels. The most popular currency pair is holding above 1.18. The US currency did not find support from the progress in passing the US tax bill. Meanwhile, traders are in no hurry to take hasty decisions in the run up to Christmas. Germany released a report on Producer Price Index. According to Destatis, factory inflation […]

London-listed shares were also lower alongside other global markets, which were unable to gain much traction after U.S. lawmakers neared completion of an overhaul of the country’s tax code. What did the market do?: The FTSE 100 index fell 0.3% to close at 7,525.22, its lowest close since Friday.