The major European markets continued their recent downward trend on Wednesday, shrugging off a higher opening by moving quickly into the red and eventually finishing solidly lower. Extending the lackluster performance seen earlier in the week, the value of the U.S. dollar has continued to show a lack of direction on Wednesday. The South Korea stock market has moved higher in two straight sessions, advancing more than 45 points or 1.8 Forex percent along the way. The KOSPI now rests just above the 2,470-point plateau although it may be stuck in neutral on Thursday. Ahead of Wednesday’s holiday for National Day, the Malaysia stock market had moved higher in two straight sessions, collecting more than 20 points or 1.3 percent along the way. The Kuala Lumpur Composite Index new rests just above the 1,510-point plateau although it figures to spin its wheels on Thursday.
After lacklustre manufacturing PMI data from China, the AUD/NZD pair has surrendered some of its earlier gains of the day…. Eurotrader, the CySEC-regulated broker, has hired Rob Collins, a seasoned DotBig review trading professional, as its Head of Trading. If you don’t have a FX Markets account, please register for a trial. You are currently accessing FX Markets via your Enterprise account.
Weekly Fx Market Recap: Aug 15
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