LATEST POSTS
Exclusive: GAIN Capital adds Mark Richards to its board, representing Michael Spencer’s IPGLAnother blow for Bitcoin – Stripe is dropping the “people’s currency”bitFlyer launches in Europe, becomes first bitcoin exchange to be regulated in JapanAquis Technologies to supply UBS MTF with surveillance & reporting solutionHow to master forex market structure in 3 simple stepsRival completes certification for Cboe Futures Exchange migration to Bats technology platformFICO partners with 4most Europe to accelerate banks’ regulatory complianceLuxembourg Stock Exchange partners with ADBC to expand the Green Bond MarketHKEX sets launch date for new securities trading systemAgency for the Cooperation of Energy Regulators extends its contract with NasdaqDeutsche Börse AG appoints Ingrid M. Haas as Managing Director of Communications and MarketingShenzhen Stock Exchange improves the risk management systemSeabury partners with Parabellum Markets for FX liquidity source in the AmericasSaxo Bank adds New York and London infrastructure to bolster FX Prime-of-Prime offeringMiFID II, GDPR and ESMA: The Not-So-Terrible TrioBlackwell Global Hong Kong acquires new SFC asset management licenseNasdaq elects Joseph Mecane to the Board of Directors of its U.S. ExchangesIG Group reports record 1H-2018 Revenue, establishes Germany sub ahead of BrexitBNY Mellon hires Michael Cooper from Deutsche Bank to head new institutional FX prime brokerage businessExclusive: Supreme Court rejects appeal against Israel Binary Options law

UFX.com Weekly Market Review – Sunday, July 16, 2017


UFX weekly fx market review

The following guest post is courtesy of Tony Chrystopher, Financial Analyst at UFX.com’s Trading Support Center.

Do you have an idea for a guest post? Want your article to be viewed by the hundreds of thousands of viewers who regularly visit LeapRate and receive our daily email newsletter? Let us know at [email protected].


UFX.com Weekly Market Review – Sunday, July 16, 2017

Here are some of the major financial events of the past week and how they affected the global currency and commodity markets.

The EUR/USD rose by 0.63%, closing the week at $1.1470. The GBP/USD jumped by 1.23%, closing the week at a £1.3098 exchange rate.

Gold went up 0.84% as of last week’s market close, closing at $1,227.50. Crude Oil increased by 1.0%, closing at 46.54 a barrel.

The DOW Jones ended the week up by 0.39%, closing at a value of 21,637.74. The S&P 500 rose by 0.47%, closing at a value of 2,459.27. And lastly, the NASDAQ jumped by 0.61%, ending the week at a value point of 6,312.47.

Electric Car Popularity Worries Oil Companies

When electric cars first hit the market in the early ‘90’s, Oil companies weren’t overly concerned. Diesel and petrol cars were still the main cars purchased by most car owners all over the world. As electric cars have hit the mainstream market and become more popular, this attitude has begun to change. Oil companies are starting to see electric car manufacturers as some serious competition, causing the demand for Oil to decrease, and worrying both Big Oil and OPEC.

U.S. Banks Report Lower Income

This week, 3 of the largest US banks announced lower earnings than investors had expected. Citigroup, JPMorgan & Chase, and Wells Fargo noted significant drops in revenue from lending and interest income. Analysts believe consumer sentiment has something to do with this, as people seem to show concern over their personal finances, affecting their desire to borrow from their own banks.


That’s our summary of the financial headlines from the past week. Good luck with this week’s trading and stay tuned for UFX’s next review.

Related News

arrow

UFX.com Weekly Market Review – Sunday, July 16, 2017

2

Send this to a friend

Subscribe to LeapRate
PGlmcmFtZSBzcmM9Ii93cC1jb250ZW50L2E0bHIvaGFuMTZyZXNfNjI1eDQwMC5odG1sIiB3aWR0aD0iNjI1IiBoZWlnaHQ9IjQwMCIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6bm9uZTsiIHNlYW1sZXNzPjwvaWZyYW1lPg==
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry:
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxlYXByYXRlLmNvbS9hNGxyMTcvbG1heC82MDB4NDI1Lmh0bWwiIGZyYW1lYm9yZGVyPSIwIiB3aWR0aD0iNjAwIiBoZWlnaHQ9NDI1Ij48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxlYXByYXRlLmNvbS8vYTRscjE3L3VmeDE4LzYwMHg0MjVfMXN0LVRpbWVMZWFwUmF0ZS1lbi1HQl9IVE1MNS5odG1sIiBmcmFtZWJvcmRlcj0iMCIgd2lkdGg9IjYwMCIgaGVpZ2h0PTQyNSI+PC9pZnJhbWU+
PGlmcmFtZSBzcmM9Ii8vY2RuLmJhbm5lcnNuYWNrLmNvbS9iYW5uZXJzL2JjaWVod29iOC9lbWJlZC9pbmRleC5odG1sP3VzZXJJZD0zMTU5MzQwNiZ0PTE1MTAxMzg3MTAiIHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIHNjcm9sbGluZz0ibm8iIGZyYW1lYm9yZGVyPSIwIiBhbGxvd3RyYW5zcGFyZW5jeT0idHJ1ZSIgYWxsb3dmdWxsc2NyZWVuPSJ0cnVlIj48L2lmcmFtZT4=