Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday.
The strong euro ins unable to cloud the upbeat mood among exporters now. The euro zone still appears to be the most crucial driver for German exports. That’s what Ifo head Clemens Fuest revealed.
In September, Ifo's indicator for export hopes inched up to 18.7 points from August’s outcome of 18.2, with managers from almost all industrial sectors giving a more positive outlook.
Only car makers had to cope with an evident damper. Currently there aren’t any opportunities for export surge, as Fuest told.
Germany's car industry, the country's number one exporter with 800,000 employees, is facing an emissions scandal.
European Union as well as German antitrust regulators are also trying to figure out whether Mercedes-Benz, Audi, Volkswagen, Porsche and BMW held secret gatherings to discuss prices, suppliers and standards to the disadvantage of foreign car makers.
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Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
Market updates on September 18
The FOMC meeting is on the agenda. Will the Fed keep its rate on hold or not?
Latest news
Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
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