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Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

Global Stock Market Soars, Oil Prices Fall

Published June 20, 2017
  • “Fed speak” will be the primary driver of dollar flows this week due to the lack of market-moving US data
  • New York Fed’s Dudley made hawkish remarks Monday that solidified expectations for raising interest rates
  • BOE’s Carney says that it’s not time to raise interest rates, contrary to what investors were hoping
  • Global stock markets soared near record highs today as investors bet on economic growth and corporate profits
  • Oil prices fell to $43.45 a barrel earlier in today’s session, which is the lowest they’ve been since November