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Powell warns of lasting virus damage, empowers dollar but sinks stocks

Powell warns of lasting virus damage, empowers dollar but sinks stocks

FromGlobal Market Insights - Forex, Futures, Stocks


Powell warns of lasting virus damage, empowers dollar but sinks stocks

FromGlobal Market Insights - Forex, Futures, Stocks

ratings:
Length:
4 minutes
Released:
May 14, 2020
Format:
Podcast episode

Description

Fed Chair Powell delivers bleak assessment of US economy but rules out negativerates. Dollar stands tall as Wall Street takes a dive, pulling global stocks with it.Pound and kiwi slip to multi-week lows, aussie and loonie also on the backfoot.Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: http://www.xm.com/market-analysis-videoIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.Visit our page for more: http://www.xm.com the international Forex broker.
Released:
May 14, 2020
Format:
Podcast episode

Titles in the series (100)

XM's trading podcast, Global Market Insights, reflects our commitment to providing traders with meaningful and informative content based on diversity and practical purpose, encompassing up-to-date information needed for online investing and updates on economic events across the globe.For more in depth technical and fundamental analysis, be sure to visit www.xm.com/research.Trading Point of Financial Instruments Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) (licence number 120/10). Trading Point of Financial Instruments Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) (licence number 443670), and XM Global Limited is regulated by the Financial Services Commission of Belize (FSC) (licence number 000261/397).