81% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. CFDs sind komplexe Instrumente und gehen wegen der Hebelwirkung mit dem hohen Risiko einher, schnell Geld zu verlieren. 81% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. Sie sollten überlegen, ob Sie verstehen, wie CFDs funktionieren und ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.
Regulierung CySEC fca

American economy hits several year lows

August 31, 2020 14:00

American economy hits several year lows

Last week the world's reserve currency fell back to its lowest level since April 2018. Investors were actively selling the U.S. dollar when Jerome Powell said during a Jackson Hole symposium speech that the U.S. Federal Reserve is determined to allow inflation to rise above 2% to maintain a better labour market situation, which has a particularly positive impact on the lower and middle class. He also hinted that extremely low interest rates are likely to persist for at least a few more years.

USD

Economic data in the U.S. varied. The country's consumer confidence index fell from 91.7 to 84.2 points in August, the lowest point since June 2014. Interestingly, market analysts expected a moderate rise to 93.0 points, but the reality of the economy whows a different picture.

As of today, there are a few key signs that the US econmoy is not doing very well in withstanding the pressures of the pandemic:

  • The reality of the economy is forcing consumers to become more conservative, which in the coming months is likely to negatively affect consumption, which is the axis of the country's economy.
  • Real estate market data estimates that as many as 6.9% of households with loans were in arrears for more than 30 days, and;
  • The nominal number rose to 3.7 million, or about 100% higher than in the same period a year ago.

Meanwhile, the number of new jobless claims fell slightly from 1.1 to 1.0 million a week.

Coronavirus data have suggested a stabilization in the number of new cases worldwide. The U.S. average number of cases remained stable at 45,000 per day. Brazil also recorded stability at 45,000 a day. In India, the number of cases rose from 70 to 76 thousand, while in Russia it was about 4.7 thousand per day.

Euro

The main currency pair EUR/USD mainly reflected the sentiment of the U.S. dollar and ended the week rising to 1,190. There was not much relevant economic data. Investors are worried about the end of state stimulus programs, which have made it possible to ensure low levels of redundancies and maintain low unemployment. However, there is growing news that large businesses are planning to reduce the number of employees due to a significant drop in economic activity. Among the largest companies: Lufthansa about 22 thousand, carmaker Renault about 15 thousand, aircraft maker Airbus about 15 thousand, Nissan about 22 thousand, mainly after closing the plant in Spain, and many others in the transport, retail and accommodation sectors. EUR/USD pair closed the week depreciating -0.4%.

JPY

The major Asian pair USD/JPY consolidated around the 106.0 level. No relevant economic data was published in the country. USD/JPY ended the week depreciating -0.4%.

GBP

The British pound jumped to 1,335-point level against the U.S. dollar. No economic data was published. In the UK, there were also reports of plans to reduce the number of employees - British Petroleum plans to lay off about 10 thousand, Marks&Spencer retailer about 7 thousand. GBP/USD has ended the trading week appreciating 2.0%.

Economic Events

This week will start in July with data from Japanese and South Korean industry volumes. The change in South Korean exports in August and the purchase indices of industrial managers in major economies are expected on Tuesday. German labour market and retail trade data and European preliminary inflation in August will also be monitored. No major news is scheduled on Wednesday, European retail data will be released on Thursday, and everyone will be monitoring U.S. labour market indicators on Friday.

According to Admiral Markets market sentiment data, 22% of investors have long positions in the EUR/USD pair (down -21 percentage points from last week). In the main Asian pair USD/JPY, 55% of investors have long positions (up +2 percentage points). In the GBP/USD pair, 20% of participants expect a rise (down -20 percentage points). Such market data is interpreted as contraindicative, therefore EUR/USD and GBP/USD pairs are expected to rise and USD/JPY to depreciate. The analysis of positioning data needs to be combined with fundamental projections and technical analysis.

Sources: bloomberg.com, reuters.com, Admiral Markets MT4 Supreme Edition, investing.com


Discover the world's #1 multi-asset platform

Admiral Markets offers professional traders the ability to trade with a custom, upgraded version of MetaTrader 5, allowing you to experience trading at a significantly higher, more rewarding level. Experience benefits such as the addition of the Market Heat Map, so you can compare various currency pairs to see which ones might be lucrative investments, access real-time trading data, and so much more. Click the banner below to start your FREE download of MT5 Supreme Edition!

Trade With MetaTrader 5


Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter "Analysis") published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

  1. This is a marketing communication. The analysis is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
  2. Any investment decision is made by each client alone whereas Admiral Markets shall not be responsible for any loss or damage arising from any such decision, whether or not based on the Analysis.
  3. Each of the Analysis is prepared by an independent analyst (Jens Klatt, Professional Trader and Analyst, hereinafter "Author") based on the Author's personal estimations.
  4. To ensure that the interests of the clients would be protected and objectivity of the Analysis would not be damaged Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.
  5. Whilst every reasonable effort is taken to ensure that all sources of the Analysis are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis. The presented figures refer that refer to any past performance is not a reliable indicator of future results.
  6. The contents of the Analysis should not be construed as an express or implied promise, guarantee or implication by Admiral Markets that the client shall profit from the strategies therein or that losses in connection therewith may or shall be limited.
  7. Any kind of previous or modelled performance of financial instruments indicated within the Publication should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
  8. The projections included in the Analysis may be subject to additional fees, taxes or other charges, depending on the subject of the Publication. The price list applicable to the services provided by Admiral Markets is publicly available from the website of Admiral Markets.
  9. Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, you should make sure that you understand all the risks.

Die Admiral Markets Group besteht (unter anderem) aus den folgenden Unternehmen:
Admiral Markets Cyprus Ltd
Wir sind reguliert durch die Cyprus Securities and Exchange Commission (CySEC)
FORTFAHREN
Admiral Markets UK Ltd
reguliert durch die Financial Conduct Authority (FCA).
FORTFAHREN
Beachten Sie: Wenn Sie dieses Fenster schließen, ohne eine Auswahl getroffen zu haben, bestätigen Sie unter der FCA (UK) Regulierung fortzufahren.
Beachten Sie: Wenn Sie dieses Fenster schließen, ohne eine Auswahl getroffen zu haben, bestätigen Sie unter der FCA (UK) Regulierung fortzufahren.