​​​FTSE 100, DAX 40 and S&P 500 Try to Stabilize After a Tough Week

Article by IG Senior Market Analyst Axel Rudolph FTSE100, DAX 40, S&P 500 Analysis and Charts ​​​FTSE 100 recovery underway ​The FTSE 100 is recovering from this week’s low at 7,369 amid rising oil and commodity prices and as the governor of the Bank of England (BoE), Andrew Bailey cast doubt on the need for

Dollar edges lower, but on course for eighth straight winning week By Investing.com

© Reuters Investing.com – The U.S. dollar edged lower in early European trade Friday, but remains on track for an eighth straight winning week as U.S. economic resilience brings further Federal Reserve rate hikes into question.  At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,

Yuan misery to end the week for China

USD/CNY daily chart USD/CNY is now trading above 7.34 and that is the highest level for the pair in 15 years. The mounting pressure on the Chinese economy is continuing to weigh on the yuan currency and despite Beijing’s best efforts to try and stem the drop, it is tough to fight a tidal wave

RBA will be comfortable holding rates steady next week – Wells Fargo

Share: Next week, the Reserve Bank of Australia (RBA) will announce its monetary policy decision. Analysts at Wells Fargo point out that due to clear signs of economic slowdown and indications of easing price pressures, they believe RBA policymakers will be comfortable maintaining the policy rate at 4.10%. Key Quotes:  While RBA policymakers