EURO continues to rise. Asian markets dropped.

Euro continues to rise against US dollar today after a slight increase of 0.2% yesterday. The currency pair was trading in the range of 1.0905-1.0965. As of the end of Asian session it has gained 0.0029 points, which represents a 0.26% increase from Yesterday closing price.

Asian stock prices tumbled today: The performance of major indices is mentioned below:

EURO-DOLLAR.Com Top Forex Brokers
Trade EUR/USD with AVA Trade
Trade EUR/USD with eTORO
Trade EUR/USD with XM.Com
  • Shanghai Composite is down 1.03%.
  • Nikkei 225 closed at 16,416.19, which is 3.71% lower than the previous close.
  • Hang Seng Index lost 749.51 points or 3.82%.
  • Australia’s ASX/S&P 200 is down 1.26%.
  • India’s Sensex was trading at 24,013.49 (-1.91%) as of 1:35 PM IST.

The above mentioned drop in prices can be attributed to the International Monetary Fund’s report on global growth prospects published on Jan 19.

imf_logo

According to the IMF report, Global growth, currently estimated at 3.1 percent in 2015, is projected at 3.4 percent in 2016 and 3.6 percent in 2017. The pickup in global activity is projected to be more gradual than in the October 2015 World Economic Outlook (WEO), especially in emerging market and developing economies. Risks to the global outlook remain tilted to the downside and relate to ongoing adjustments in the global economy: a generalized slowdown in emerging market economies, China’s rebalancing, lower commodity prices, and the gradual exit from extraordinarily accommodative monetary conditions in the United States. If these key challenges are not successfully managed, global growth could be derailed.

AVA Trade
Trade With Confidence
Award-winning innovative broker. Segregated accounts with leading international banks.+200 financial instruments for trading.
XM
$30 No Deposit Bonus
Open an XM Zero account and trade with spreads as low as 0! Average EUR/USD spread 0.1
eToro Social Trading
Copy Successful Traders
Automatically copy leading traders in eToro community. Expert trader? get copied yourself to earn a second income!

I’m a finance specialist with 4+ years of working experience, out of which 2 years as a SME relationship manager at Byblos Bank and 2 years as a Finance Director in a Food & Beverage sector. My academic background include BA in economics, MA in finance, CFA Level 1 and F1, F2, F3 level of ACCA. I’m also experienced in Forex/CFD trading and Forex/ Equity markets analysis.

Tags: , ,

Comments are closed.