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Money Flows before the start of the European trading session
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Loading...Events were last two sessions. The dollar was submerged because of the passive comments of Fed members, but the New York branch of the bank later said that Williams' words were more "academic" than truth.
This was immediately reflected in the "resurrection" of the green currency during the Asian session, and the focus of European trade also appears to be the focus. These fluctuations also affect gold, with precious metal rising to its highest levels since May 2013. It is also possible to witness an adjustment today, especially if the dollar begins to recover some of its lost positions.
Today's economic news will not be much, and it is not expected to affect the markets. The topics of focus remain the commercial war (of course) the companies' reports at the height of the corporate season and the uncertainty Brexit transmits to the pound, the island economy and the entire European bloc.
The moods for the moment remain positive, but with caution.
According to latest data, the pace of the companies that move production from China is accelerating, as more than 50 multinational companies from Apple to Nintendo to Dell are in a hurry to avoid the US tariffs.
The prolonged trade battle seems to have an impact on the Chinese economy. Data on Monday showed that its economic growth slowed down to 6.2% in the second quarter - the worst pace of at least 27 years.
Trader Aleksandar Kumanov Read more:
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