By - Jamel Lahiani
Last week, the US-Iranian tensions passed without any impacts on the markets, the two sides preferred not going for more hostilities. Wall Street ended the week by recording a positive variation of 1.82%. In fact, the advancement in the US-China trade deal and the good performance of the US retail sales index fueled the US stocks indexes to the upside. As a result, the US dollar was appreciated against the Yen and the British pound by respectively 0.4% and 0.6% but stabilized face to the Euro at 1.10880.
On the other side, the Bitcoin price realized a positive performance for the second week successively by increasing 5.15% faces to the US dollar. Bitcoin seems to have an upward movement and looking for more jump face to the US dollar and exceeding 8622.99 US dollars. In African currency markets, The
Nigerian NAIRA recognized stability at 359.00 faces to the US dollar with low variations but the South Africa ZAR depreciates faces to the US dollar by -0.58% and ended last week at 14.44749 US dollar.
The commodities markets were characterized by a fall of Crude oil prices for the second week by -0.71%, ending at 58.74 US dollars. In fact, no more hostility related to US-Iranian tensions leading Investor’s demands oriented to stocks and indexes, explained by a good performance of the US and China retail sales.
The last week main markets prices and variations
Market in Focus: 20 January – 24 January 2020
We have a list of high impact events this week. The publication of the events can leads to a strong movement or a trend for the related currencies. The discussion of the events impacts will be done within the daily FOREX report.
The publications that have a very significant theoretic impact are:
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