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 exports will ride revival tide in America, EU and China
In 2018, German exports and imports are expected to reach record maximums, as the BGA trade association informed on Tuesday. The BGA added that companies in Europe's number one economy will keep deriving benefits of a recovery in America, China and the European Union.
German exports are expected to ascend by 5% in 2018 to reach a record peak of 1.3 trillion euros. As for imports, they will most likely tack on by 7% hitting a record high of 1.1 trillion euros.
The trade projections appear to be another confirmation that reviving exports will contribute to an expansion in 2018 that the Ifo economic institute actually estimates at about 2.6%. Obviously, trade is going to add more impetus to the German economy that has been ascending due to state spending as well as private consumption.
By the way, the BGA considers protectionist trade policies of American President Donald Trump to be a threat to the free commerce order ruled by the World Trade Organization.
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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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