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Market Snapshot – Hurricane Irma Causing Jitters

By:
Colin First
Published: Sep 6, 2017, 14:29 UTC

Stock Markets In Steady Mode The stock markets have been cautious since the beginning of the day today as the next hurricane has begun to threaten the US

Forex Trading Signals - July 25, 2017

Stock Markets In Steady Mode

The stock markets have been cautious since the beginning of the day today as the next hurricane has begun to threaten the US just a week or so after Hurricane Harvey hit the US and caused widespread destruction in Houston. With that in mind, investors are not ready to commit themselves in any specific direction at this point of time and thats why we have been seeing only steady trading at this point of time though there has not been much by way of risks to tie down the stock markets for now. The Eurozone retail PMI dropped slightly during the month of August but that did not have much of an impact on the DAX or the FTSE indexes.

Hurricane Irma Causing Jitters

The economic impact of Hurricane Irma is not yet fully known as it is only now that the US has been recovering from Hurricane Harvey but the destruction is expected to be as bad and widespread this time as well. The US futures have been flat so far as the stock markets have had some grim trading around the world. The euro and the dollar have been the focus for the day so far but neither has been able to make any sort of progress so far. The global risks and uncertainties are just far too much and far too many for the investors to buy or sell in any steady quantity and the effect of that is telling on the markets.

About the Author

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.

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