ZuluTrade Blog

Market Recap

Market View | Wednesday, February 12, 2020 10:30 AM GMT

Bernie Sanders won the New Hampshire primaries. A nice overview of the development of the race can be found here.

The court hearing between Google and EU, over the antitrust fines imposed, begins today. Worth noting that Emanuel Macron, the French President and advocate of taxing the revenues of big US tech companies, and President Trump had recently agreed to take no further actions on the handling of big tech firms, up until the US presidential elections, on November.

Jerome Powell’s two day testimony before the Congress, is ending today.

Macro releases & Earnings:  The central bank of New Zealand left the interest rates unchanged. NZD is rallying on the news, gaining back some of the lost ground from the decreased touristic activity due to the new coronavirus. Today’s economic calendar includes the monthly report of OPEC. The focus of market participants would he on the global demand outlook. In addition, the calendar includes the European Industrial production and the US Crude oil inventories.

Tesla, Softbank and Cisco Systems are releasing their earnings today.

CopyTrade at ZuluTrade


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