LATEST STOCK MARKET NEWS

Andrew Barnett - Founding Partner LTG GoldRock:

"The US Dollar has risen sharply following the US Federal Reserve’s December statement that confirmed it has put the official cash rate up another 0.25% to 2.5% and it expects to put rates up another two times in 2019. As I mentioned yesterday the market would be caught short on the US Dollar and traders unwound those positions quick smart as the greenback surged and US stock indexes made new lows. The Dow Jones saw a swing of close to 500 points erasing an early morning 100-point gain to close down 375 points or 1.5%. US stock indexes are going to close another very bearish week with the size of the December weekly falls not seen since the 1930’s.  Emerging market currencies fell sharply along with the Aussie and Kiwi Dollars and the safe haven Yen and Swiss Franc rallied strongly as the negative sentiment resumed.

from MQL5: Traders' Blogs http://bit.ly/2T4QnAa