Unitrader: Quick economic review

Unitrader users and other traders might be interested in the news about the global economy for this week (the week of July 1st, 2013); the dollar hit a one-month high against the yen at 100.72 yen and rose to a near five-week peak against a basket of currencies. This was based on expectations that Friday's U.S. jobs data will bolster the chances that the Fed will scale back its stimulus measures sooner than expected, according to Reuters.

    Comments from Fed officials have recently turned markets on their heads as traders try to guess how soon the central bank will start to wind down its $85 billion monthly bond purchases.   This program, known as quantitative easing, has been instrumental for the rally in stocks and has helped keep interest rates near historic lows, while putting downward pressure on the U.S dollar so it can maintain its price in the Forex market, as it is possible to see in Unitrader.
  According to the report, the yen's weakness helped Japan's Nikkei stock index  closed 1.8 percent higher, – above 14,000 for the first time in five weeks -, as shares of blue-chip exporters rose.   U.S. dollar-denominated Nikkei futures were up 1.9 percent, extending the gains in the past four sessions to 8.9 percent and the euro fell 0.7 percent to $1.2975 and hit a low of $1.2962, its lowest since early June 2013, it is possible to see this information in Unitrader charts.
As one of the most complete platforms, in Unitrader it is also possible to trade commodities.  In commodities trading, Brent crude rose near $104 a barrel, extending gains to a second day due to concerns about supply disruptions in the Middle East and Africa while U.S. crude was up 1.6 percent to $99.45 after hitting its highest since September of 2012.
    Copper fell from a near two-week high in the previous session as a stronger dollar weighed on the price and investors remained concerned about economic prospects in top metal consumer China, the report said.
Unitrader is the ultimate platform to trade Forex, equities, metals and more.

 

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