Libertex launches Litecoin and Bitcoin Cash margin trading

[Libertex]

November 20th, 2017. Libertex trading platform announces the launch of Bitcoin-nominated margin trading for Litecoin and Bitcoin Cash.
Cryptocurrencies have become a significant part of the modern financial market. The demand for them is booming and their prices continue to set new records. Libertex are pleased to announce the launch of the following cryptocurrency pairs:
•   LTC/BTC that shows Litecoin (LTC) to Bitcoin (BTC) rate;
•   BCH/BTC that is the rate of Bitcoin Cash (BCH) to Bitcoin (BTC).

Libertex Chief Marketing Officer Matt Krivoshein said: “The high volatility of these cryptocurrencies offers great opportunities for margin trading. The launch of these new instruments in Libertex provides an effective and secure trading solution to support the ever increasing demand from traders around the world. Now everyone can trade these instruments using the cutting edge Libertex approach.”
Furthermore, cryptocurrencies are an ideal addition to any trader’s portfolio as they are available both during business days and weekends.
About Libertex:
Libertex is an international brand with a twenty year history in financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 150 commercial instruments. In 2016, Libertex was recognized by Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU.

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[Libertex]

Ethereum aims at $500
Cryptocurrency momentum shows no sign of letting up. Bitcoin, Ethereum and DASH have one again surpassed their all time maximums.
Market sentiment is further bolstered by the news of GME's Group's plan to launch the trading of Bitcoin futures, and a leading Italian banks plans (BancalMI) to consider launching Ethereum derivatives. All of which can only be beneficial for all Crypto assets.
The first release of the Ethereum improvement protocol, Casper, further supports the Ethereum momentum and is aimed at simplifiying the entire blockchain.
Whilst Ethereum recently reached a new all time high, it didn’t quite succeed in breaking through the $500 mark.
With its price currently around $400 Ethereum, can anything derail this positive upward trend?
Libertex Analytical Department

[Libertex]

Cryptocurrencies Analytical Forecast

Ethereum
This cryptocurrency is the main follower of Bitcoin. Besides, it smoothens the enormous disparity between the most popular digital active and the market. In the short term, Ethereum is due to ascend.
At the same time this cryptocurrency is overbought, and it is possible to expect its correction. According to the technical analysis by Libertex, the first support level is situated at 740 dollars. The following barriers are at 575, 500-480 and 400 dollars.
If the first level of support is tested, the trend may change from bullish to bearish. At the beginning of 2018 Ethereum is supposed to grow up to 800-100 and then proceed to the correction. In this context, it can be recommended to sell.
However, in the long run this cryptocurrency has very good prospects. For instance, in 2017 some high-tech corporations formed the Enterprise Ehtereum Alliance to invest in the development of the platform. This had a positive impact on the coin’s capitalization.
The other growth factor is the possible use of Ethereum in realization of secured transactions by banks and big corporations. Some companies have already started using the platform for payments, others have just started testing the technology. The increasing interest in the practical use of Ethereum may well attract strong investors in the currency.

Ripple
This cryptocurrency is a very attractive active to be bought, because of its relatively low price and good prospects. Despite some volatility registered before, Ripple stays in the framework of long term expansion. The short-term prospects are neutral, while the long-term predictions are positive. This currency’s price may soon reach 1 dollar.
This month the firm put 55 billion XRP in escrow. In the medium perspective, the reduced number of coins in circulation favors Ripple’s revaluation. Moreover, the company has recently signed contracts with the American Express and the Santander bank about the future use of Ripple’s blockchain in international remittances.
Still, the coin’s prospects in 2018 depend exclusively on attracting new clients for subsequent integration of Ripple into their systems. According to the recent data, the representatives of various exchange boards paid attention to the system. Hence, if the information is confirmed, this cryptocurrency is expected to grow rapidly.

Litecoin
In the long term, this cryptocurrency is overbought, and long-term investors should not open positions here right now. However, traders can expect a leap in prices. The cryptocurrency may reach near 260 dollars in the near future.
At the same time, a small reverse movement may take place. Nevertheless, this cryptocurrency is believed to be the “safe haven” for investors, who can stay here during the periods of instability of other digital currencies. That is to say, Litecoin holds its positions very well in the time of high volatility. 
Following factors are listed among main reasons of positive dynamics of Litecoin in the future: rapid growth in 2017, strong correlation with the exchange rate of Bitcoin (that is still expected to ascend) and its possible practical use in secured transactions’ realization that may attract massive investment.

Dash
The last upwards trend of this currency has been broken and there are signals to close long-term positions. In order to make Dash grow and advance, its developers should continue using two major benefits of the system – the development fund and the decentralization. This guarantees the democratic way of progress and the funding of worthy projects.
Dash may reach the level of 1200 dollars at the end of 2017 or at the beginning of 2018. If this level is surpassed, the rebound may take place and the cryptocurrency may reach 1500 dollars.
In general, Dash is a promising currency that may repeat an upward trend and break new records.

Prepared by Ivan Marchena, Libertex Analyst

[Libertex]

Cryptocurrencies: Recovery Expected

At a time of recent devaluation of the whole market various cryptocurrencies, including Ripple and Ethereum, lost over 20% of their value, that was the record drop in the history. Cryptocurrencies are expected to recover by the end of the month against the background of such a substantial fall, but in the short run at least some coins are likely to continue going down.

Ethereum
This cryptocurrency hit record highs, having grown 100% since the beginning of the year.  In this context, the setback that took place was natural, though nobody had expected it would be of such a magnitude. Back in mid-December the founder of Ethereum Vitalik Buterin noted he was worried about the overheated market, as there were no foundations for such a growth.
In the near term the correction of this cryptocurrency is expected. It is being traded above $1000 at the moment, while the recent record high was $1400. The traders are recommended to observe this cornerstone level, because large orders may group there if the upward setback takes place and it will be easy to enter the market.

Ripple
The sales are preferable to purchases now.

Litecoin
This cryptocurrency is projected to go on with downward correction. Now it is recommended to sell Litecoin. The drop scenario will end if the $230 level is broken, that will indicate the change from descending to ascending trend.
In the long term an attempt to form a bullish trend should not be ruled out. In this case, Litecoin will have the potential objective of $275 after breaking the $210 level.

Dash
The return of this currency’s price to $670 reveals the change of trend that may bring Dash to the level of $1200. If broken this ceiling, the digital active may well try to surpass $1500.

Prepared by Ivan Marchena, Libertex Analyst

[Libertex]

Libertex was recognized as the best trading application and cryptocurrency broker

We are pleased to announce, that the Libertex trading platform was recognized as the best trading application of 2017 and the best cryptocurrency broker version as per the Forex Awards.
"The Libertex recognition as the best trading application and cryptocurrency broker proves that 2.2 million traders made the right decision in choosing it to trade standard financial assets and for cryptocurrency trading", - said Igor Galkin, Forex Club Head of Sales
Libertex is a trading platform at the forefront of modern financial technology. Libertex users are able to make transactions with more than 180 financial assets. There are standard financial assets - stocks, indexes, energy contracts etc, and modern assets, such as cryptocurrencies and their cross-rates via Libertex. Professionals all over the world recognize Libertex as the leader in traditional and innovative financial asset trading.
One of the top financial magazines, Global Banking and Finance Review, recognized Libertex as the EES best trading application in 2016.
Forex Awards is an international rating company. Since 2010, it has been evaluating financial entities and trading platforms as well as applications.
https://www.fxclub.com/news/libertex-was-recognized-best-trading-application-and-cryptocurrency-broker 

[Libertex]

12 new instruments are now available for trading via Libertex
The Libertex trading platform has provided its traders with an opportunity to trade 12 new instruments. New assets are intended for both traders, who are interested in earning on traditional instruments, and those who trade Cryprocurrency assets.
Now traders can operate with the following Cryprocurrencies:
•   Cardano (ADAUSD) – token of an innovative platform created for the implementation of a Cryptocurrency economy and democratization of monetary turnover.
•   NEM (XEMUSD) –  the Cryptocurrency and the platform for data management on the basis of blockchain technology.
•   Stellar (XLMUSD) – it is also not just a Cryptocurrency, but a platform for currency transactions.
•   EOS (EOSUSD) –  a token that is used in the blockchain architecture and intended for scaling decentralized applications, which is also the new project by Dan Larimer.
•   TRON (TRXUSD) – the Cryptocurrency used by the decentralized platform in the TRON entertainment industry
•   Stratis (STRATUSD) - the Cryptocurrency and the platform for the development of corporate applications.
Apart from this, 6 CFDs on stocks of Russian and other foreign companies are now available to traders:
•   Aeroflot (AFLT) – one of the world´s oldest and the largest airline company in Russia.
•   Novatek (NVTK) –Russian gas company.
•   MTS (MTS) –Russian telecommunication  company.
•   Rosneft (ROSN) – Russian oil and gas company, being one of the world´s largest.
•   Nornickel (GMKN) –  one of the world´s largest producers of nickel and palladium.
•   Netflix (NFLX) - American entertainment company, the provider of films and series to the main steaming multimedia.
The new instruments are available to traders via the Libertex terminal that was recognized to be the best trading application of 2017 and the best Cryprocurrency broker according to Forex Awards.
About Libertex
Libertex is a trading platform that is at the forefront of modern financial technologies. It allows performing transactions with more than 180 financial instruments. Both traditional financial assets, such as CFDs on stocks, indexes, energy carriers, etc. and innovative financial instruments - Cryptocurrencies, as well as Cryptocurrency cross rates are available for trading via the Libertex Exchange.  Professionals all over the world recognize the leadership positions of Libertex, both in the traditional trading segment and in the field of innovative financial instrument trading.
In 2016 Libertex was recognized as the best trading application of 2016 in the EAEU, according to the Global Banking and the Finance Review, the leading financial magazines.
For more details please contact our press-service via media@libertex.org

[Libertex]

Spotify and Dropbox available for trading via Libertex

The Libertex trading platform provides its traders with an opportunity to open trading positions in 2 new instruments - CFDs on Spotify (SPOT) and Dropbox (DBX) stocks.
New assets will appeal to those traders who are interested in opening up trading positions in promising technological instruments. Apart from this, these assets will help those traders who would like to diversify their portfolios and reduce trading risks.
The new instruments are available to traders via the Libertex terminal that was recognized to be the best trading application of 2017 and the best Cryprocurrency broker according to Forex Awards.
About Libertex
Libertex is a trading platform that is at the forefront of modern financial technologies. It allows performing transactions with more than 180 financial instruments. Both traditional financial assets, such as CFDs on stocks, indexes, energy carriers, etc. and innovative financial instruments - Cryptocurrencies, as well as Cryptocurrency cross rates are available for trading via the Libertex Exchange.  Professionals all over the world recognize the leadership positions of Libertex, both in the traditional trading segment and in the field of innovative financial instrument trading.
In 2016 Libertex was recognized as the best trading application of 2016 in the EAEU, according to the Global Banking and the Finance Review, the leading financial magazines.

[Libertex]

Colombian attacking midfielder, James Rodríguez, set to continue working with Libertex

James Rodríguez, the attacking midfielder of the Colombian national team and Bayern Munich, will continue working with Libertex, the best trading application in 2017 according to the Forex Awards.
"James is one of the most popular and successful football players in the world. His image is great for emphasizing the key advantages of the Libertex trading platform, which is used by more than 2.2 million people around the world," said Michael Geiger, CEO of Forex Club.
"Collaboration with James, who is taking part in the World Cup in 2018 in Russia with the Columbian national team, will help strengthen the position of the Libertex brand in all of the markets which our company covers" said Matt Krivoshein, Marketing Director of Forex Club Libertex.
James Rodríguez, in turn, noted: "To achieve success in professional football, you have to hone your skills every day and keep pushing forwards towards your goal. In the world of finance, the same rule applies and for that I’m happy to continue my association with Libertex.”
About James Rodríguez:
James Rodríguez is a Colombian footballer, who plays as an attacking midfielder for Bayern Munich and Colombia. He made his debut at the Colombian football club, "Envigado". In 2014, James won the FIFA Puskás Award, named after Ferenc Puskás, and was also the top goal scorer at the World Cup. He was also hailed as the man of the year in Colombia and the athlete of the year in America in 2014. James Rodríguez was part of the symbolic team of the 2014 FIFA World Cup. In 2017, Bayern Munich signed James on loan from Real Madrid for two seasons with the subsequent right of purchase.
About Libertex
Libertex is an international brand with a 20-year history of working in the financial market and the field of online trading. Libertex offers a wide array of financial tools and helps traders trade effectively in stocks, currencies, indices, commodities, gold, oil, and gas. The Libertex team supports more than 2.2 million customers from Latin America, Europe and Asia with first-class service. About 200 trading tools are available on Libertex. In 2016, Libertex was recognized as the best trading platform by the ForexEXPO Awards and the best trading application in the Eurasian Economic Union under the Global Banking and Finance Review. In 2017, the Forex Awards named Libertex the best trading application and cryptocurrency broker.

[Libertex]

Maximum cryptocurrencies available in Libertex
Libertex trading platform announces that starting from May 23rd traders can perform operations with 14 new cryptocurrency CFD instruments and 2 new currency pairs. This means that Libertex has become one of the leading applications and trading platforms for EU traders in terms of amount of cryptocurrencies available.
Cryptocurrencies are one of the main trends in financial industry for the past couple of years. The demand for these assets grows significantly. We are happy to  satisfy the demand of European traders for new innovative crypto-instruments launching them in our cutting edge Libertex platform.
New instruments list:
•   BTGBTC (Bitcoin Gold / Bitcoin)
•   BTGETH (BITCOIN GOLD / ETHEREUM)
•   DSHBTC (DASHCOIN / BITCOIN)
•   DSHETH (DASHCOIN / ETHEREUM)
•   EOSETH (EOS/ETHEREUM)
•   ETCETH (ETHEREUM CLASSIC / ETHEREUM)
•   IOTETH (IOTA / ETHEREUM)
•   LTCETH (LITECOIN / ETHEREUM)
•   NEOBTC (NEO / BITCOIN)
•   NEOETH (NEO / ETHEREUM)
•   OMGETH (OMISEGO / ETHEREUM)
•   QTMETH (QTUM / ETHEREUM)
•   XMRETH (MONERO / ETHEREUM)
•   ZECETH (ZCASH / ETHEREUM)
•   USDZAR (US Dollar/ South African rand)
•   USDTRY (US Dollar / Turkish lira)
Among the whole list of 40 cryptocurrency CFDs traders can find such as Ethereum, Ripple, Dash, IOTA and many others. One can find the whole list of new cryptocurrencies available at Libertex

[Libertex]

European Markets Falling Facing G7 Issues

Last week was overall negative for the European stock markets, with nearly all major indices going down. Thus, UK's FTSE 100 lost 0.78% over the week, and was trading at 7681.07 by the end of the trading session Friday. France's major CAC40 was also in the red losing 0.42% and declining to 5450.22.
Meanwhile, Germany's DAX was short just 0.03%, trading at 12,766.55 Friday evening. Still, the overall trend was negative, and this can be because of the manufacturing orders decline. As such, April manufacturing orders in Germany came 1% lower, while the analysts were expecting a 0.30% growth. With manufacturing orders going down for four months in a row, and the export data, another major indicator for German economy, falling 0.3% short, too, the negative trend can be clearly visible.
Two largest banks in both Germany and the EU, Deutsche Bank and Commerzbank, were in the red on Friday, too. The shares fell by 2.1% and 1.8%, respectively, as Deutsche Bank Chair Paul Achleitner mentioned the potential merger of the two banks that are in competition with one another. Meanwhile, Lloyds, a major bank in the UK, lost 1.20% in market cap because of Standard Life share selloff. The insurance company itself also lost in price, its shares declining by 3.6%.
Infineon Technologies AG, the largest microchip producer in the EU, went up by 0.9% after good forecasts on the revenue and news on future massive investments in manufacturing. The analysts expect the revenue to grow by at least 10% next year, while before it was just 8%.
Siemens AG also managed to go up, by 0.3%. The German giant is merging with Alstom SA, headquartered in France, with respect to railway machinery. Last week, the companies announced the merger would be done only in 6 months, as the European Commission takes a lot of time to review it. Alstom SA shares also increased (by 0.7%) after this news came in.
Meanwhile, IBEX35 in Spain lost 0.04% and is trading at 9746.30. Italian FTSE MIB was not an exception either, losing 2.97% over the week and reaching 21,355.98.
The lower chamber of the Spanish parliament issued a vote of non-confidence to the Prime Minister Mariano Rajoy, who stepped down shortly after. This political crisis is a menace for the business and the Spanish economy that has been growing lately. As such, IBEX grew by 1.52% last week to reach 9914.40, but the political factors are very likely to get the index down, preventing it from growing more than 1% within the coming weeks.
In Italy, the markets are heavily influenced by the budget plan uncertainty, as the new government is being formed. The fiscal situation and policy in the country may become much worse at any time. FTSE MIB added 0.35% to its value, reaching 22,119.76, but, as in Spain, it may well reverse in the nearest future. Within the next two weeks, it is likely to trade between 22,150 and 22,090.
The major reason behind the selloff in the EU markets is the tense situation and investor sentiment ahead of the G7 summit in Canada. The relations between the EU and the US have very much worsened lately, and this did influence the local stock market. Meanwhile, Trump's hawkish tone of voice makes it much more difficult for the parties to reach an agreement. The EU governments are waiting for the White House leader to 'reload' the relations between the two parties and come to terms regarding economic and trade issues. The French President Emmanuel Macron said he would not sign the G7 agreement in case no agreement between the US and the EU had been achieved. Meanwhile, Donald Trump accused the EU and Canada of 'creating barriers' against the US.
Such negative news made the euro fall against the USD by 0.7%. The common currency is now trading at 1.17821. In the coming two weeks, while the German index is likely to enter the correction phase and reach 12,800, the euro may then continue falling against the USD by 0.5% to 1.2%. Donald Trump's policy looks quite consistent, which leaves a lot of room for the EUR to follow the negative scenario. As for the EU stock benchmarks, they may continue falling across the board, as Trump's policy still has some negative influence on the European markets, too, despite the overall positive tone of the final communique.
Iván Marchena, Libertex Analyst

[Libertex]

The European Markets Are Staying Under the Pressure of Geopolitical Factors

The European stock market, which is still under the pressure of the developing trade conflict between China and the US, will continue to monitor the geopolitical situation, world oil prices and corporate news.
At the beginning of August, the government of the USA confirmed its plans to introduce import levy for Chinese goods and services of 200$ billion a year in total. In response, China declared that it is ready to introduce increased import levies up to 25% for 5207 names of goods from the USA with the delivery volume of about 60$ billion a year.
Alongside this, the USA have renewed the part of the sanctions against Iran. In its turn, the European Union has declared that it is going to block the implementation of these American sanctions in order to protect the interests of the EU companies.
In addition, the European traders will continue to monitor the publication of finance reports by the largest companies of this region. The reports that have been issued recently are ambiguous. 
One more reference point for the European markets will be the world dynamics of the oil prices. Earlier it became known, that the US oil reserves have decreased by 6 million barrels in a week, whereas it was expected that they would decrease only by 3.1 million barrels. That being said, the petrol reserves have increased by 3.1 million barrels, and the distillation product reserves have increased by 1.8 million barrels.

The oil prices are also influenced by the change of the oil production forecast for the USA. The Energy Information Administration (EIA) of the US Department of Energy has cut the forecast of the US oil production in 2018 to 10.7 million barrels a day. In 2019 the EIA forecast of the US oil production is 11.7 million barrels, whereas before 11.8 million barrels were expected.
At the same time, the renewal of the sanctions against Iran is a positive factor for the oil prices, because the investor expect the decrease of the Iranian oil deliveries to the world markets. The rise of oil prices may lead to buying the stocks of such European companies as British BP and French Total.

Ivan Marchena, analyst at Libertex

[Libertex]

Major ETFs and USDX are available in Libertex

Libertex trading platform adds 11 new contracts for difference (CFDs). Now one can trade major exchange-traded funds (ETF) and the dollar index USDX using Libertex cutting edge trading platform.
The contracts for the following ETFs are available in Libertex:
• SPDR S&P 500 ETF Trust
• iShares Latin America 40 ETF
• iShares MSCI Mexico ETF
• iShares MSCI Brazil ETF
• iShares Core U.S. Aggregate Bond ETF
• iShares China Large-Cap ETF
• iShares MSCI Germany ETF
• Vanguard FTSE Europe ETF
• iShares Core S&P Mid-Cap ETF
• iShares MSCI United Kingdom ETF
Michael Geiger, Libertex CEO, said: “Exchange-traded funds are among the most popular instruments on financial market as for institutional as for private investors. They are listed on world leading stock exchanges and let traders diversify their investment portfolios and enhance their effectiveness. We’ve included major ETFs into the list of our trading instruments following the growing demand for these top-tier assets.”

[Libertex]

European Markets May Rise upon Putin and Merkel Meeting

The European stock markets may soar soon as the investors are waiting for some positive news after Germany's Angela Merkel meets the Russian leader Vladimir Putin. Meanwhile, the progress achieved on the trade issues between China and the US also holds out a hope of the global markets going up.
The Chinese government announced the new negotiations round will take place in late August. The parties previously tried to arrive to an agreement but have been yet unsuccessful. The investors hope now that this time the US and China will work something out.
Previously, China filed a legal action against the US to the WTO in order to make America lift the customs duties imposed on photocells and sun batteries manufactured in China.
The emerging markets fell considerably because of the situation in Turkey, but now they are recovering, too. Both the Turkish stock market and the lira dropped down drastically after the US imposed heavy customs duties on Turkish steel and aluminum. The Turkish government raised duties on various US goods in response.
The Turkish market, which has traditionally been a benchmark for other emerging markets, improved after Qatar announced it was ready to invest around $15B in Turkish economy. Besides, Germany is going to hold a meeting between the Turkish and German ministers of finance, where they are planning to discuss the economic issues of Turkey.
The European investors are meanwhile waiting for the meeting of Putin and Merkel, which is scheduled for Saturday.
Despite the overall positive atmosphere in the European stock markets, mining and oil production stocks are likely to remain under pressure, as the investors are wary of the possible US-China trade war consequences, that could include lower demand on metals and crude.
Iván Marchena, Libertex Analyst

[Libertex]

US-China Trade Optimism Might Push European Markets Higher

The odds are quite good that European markets will see the 2 to 3% growth across key indices against the backdrop of expectations that the US-China trade conflict would finally be resolved.
European investors and traders anticipate the upcoming talks that will bring together at the negotiating table the team of representatives from the Chinese Commerce Ministry headed by Vice Minister of Commerce Wang Shouwen and their US Treasury counterparts led by the Treasury Under Secretary for International Affairs David Malpass.
Even though experts do not expect the talks to immediately trigger a breakthrough in the long-standing dispute, market participants believe that their resumption is a good sign by itself, hoping that the upcoming mid-level negotiations will set the stage for a higher-profile meeting between US President Donald Trump and Chinese President Xi Jinping in November. Currently, US and China are working to arrange the top-level meeting, but there’s no certainty yet about when it could occur. On November 6, 2018, the most of the US Congress elections will be held. So, probably, the renewed Trump-Xi talks timing will be adapted accordingly.
Another important development is that Turkish Treasury and Finance Minister Berat Albayrak and his French counterpart Bruno Le Maire will meet in late August in Paris to discuss the action to be taken to respond to the US sanctions against Turkey. Previously, the economic downturn in Turkey, where the lira plunged to its historical low, delivered a powerful blow to the European stock markets.
On the positive side, over the upcoming two months, French oil giant Total that previously officially left the US-sanctions-hit Iran could try to negotiate with the US authorities in order to be granted a special permit to further pursue its operations in the country.
Ivan Marchena, Libertex Analyst

[Libertex]

European Indices to Be Headed Downward Amid Impending Global Uncertainties

After a short respite due to the US’ holding off the upward revision of taxes on cars imported from Europe, the key European indices will be facing pressures again due to geopolitical uncertainties. So we can expect that that the most important European stock market indicators will drop by 1 or 1.5%.
With the car tax boost postponed, European investors were more optimistic for a while. But then they are cognizant that the US will broach it again very soon. The US-China trade quandary is giving a negative cue to European investors. Even though China is trying to work through the differences, the efforts have so far been to almost no avail. The two countries have been cross-retaliating by raising import taxes even higher, and they fail to fix the conflict.
Given how things stand, market experts predict that China’s economy will be seeing a downturn as soon as in 2018 and 2019, which will hurt other economies. Even now, markets are apprehensive that the demand for the ‘black gold’ on the part of China could plunge and send the oil market prices downward globally, thus driving far-reaching negative implications to hurt the oil prices.
The US trade tensions with other countries have made the US Federal Reserve Service concerned, too. The Fed believes that the current US trade war with China and Europe and the policy moves it ignites are major catalysts for uncertainty and risks. Investors fear that the Fed’s stance on the interest rate revision will be affected by the developments of talks between all countries involved in the conflict. So it will be absolutely impossible to predict whether and when the key global currencies will grow or fall.
Ivan Marchena, Libertex Analyst

[Libertex]

European Markets Will Continue To Sag On the US Trade Tensions Fears   



The US multinational trade conflict will remain at the center stage for the European investors in the shortest run. Even though things seem starting to look up with the US reaching progress on a trade agreement with Mexico, and with the US and Canada likely to close in on pact as well, the European stocks are still under intense pressure.
The news that US have bagged the trade deal with Mexico cannot but lift the mood of investors in Europe. Still many of them doubt if Canada will join the pact, even though there are heated speculations on the hopes that Canada would do so. Again, there doubts, too, about if the tensions between the US and China can be smoothed over, since China might be hit with tariffs on $200 billion worth of goods as soon as late September.
The EU authorities continue to expect that the harshest scenarios might play out and consider retaliatory action to take if US hits European car imports again with punitive tariffs.
Meanwhile, it's just another story when we look at the UK market with the Brexit news as the key determinant of where the British stock indices are headed. In the offing, the British pound is likely to strengthen, and the UK stock indices might grow, as the European Union is prepared to offer UK an unprecedented close relationship after it quits the EU.
 
Ivan Marchena, Libertex Analyst

[Libertex]

European Markets Still Anxious About the US Trade Conflict Developments

Despite the recently reached US-Mexico trade deal, the European markets will remain under pressure in the offing, as the US might levy a tax on European car imports.
Investors are awaiting the new pact to be signed within 90 days to replace the current NAFTA agreement. But then they have fears due to the US Donald President Donald Trump’s saying that the new pact will be signed with or without Canada.
Given the uncertainty, European investors still feel apprehensive that the European car imports might be hit by the US tax. What’s more is that traders are wary that tariffs would be imposed on $200 billion in Chinese imports in September.

We can expect that amid a geopolitical backdrop like that dollar will grow globally against other currencies, specifically, the euro.
Meanwhile, the global oil market is overwhelmed with sentiment shifts. In the medium term, the oil prices will be underpinned by the expectations of Iran’s oil supply cut due to the US sanctions. It is expected that Iran’s oil exports will drop by 1.5 million barrels a day as soon as September.
Previously, investors anticipated that Lybia’s oil supply would slump, as many deposits were affected by warfare. Yet now that the combat operations in the country have ended, Lybia’s oil exports were revived and topped 1 million barrels a day, which might curb the global oil prices’ growth.
Ivan Marchena, Libertex Analyst

[Libertex]

European Markets Bracing Up for Possible New US Tariffs on Another $267 Billion Worth.

In the offing, the European markets are likely to be headed south, as US threatens to hit China with a new portion of import tariffs.
The US-China trade war remains on the front burner as the current market highlight, as Trump threatens tariffs on another $267 billion worth of Chinese goods on top of the previously imposed bunch of $250 billion. So far, $50-billion duties have been officially levied.

Another highlight is the progress of the Brexit talks that seem to have seen some positive developments, so cheering up the British pound. But the other side of the coin is that the strong pound hurts British exporters, as it drives down their USD-denominated profits.
European markets will be bolstered up to some extent by somewhat reinvigorated global oil markets with the Brent blend oil price gaining foothold at levels around $78 per barrel. In the medium-term, the oil prices are set to grow on fears of the impending Iran’s oil supply cut due to the U.S sanctions. Some major oil importers, specifically, India, Japan and South Korea are reducing Iranian crude imports to deal with the situation.

Things might be looking up for the German market, as Qatar is eyeing Germany with 10-billion-euro investment over the next five years. The investment is planned to release financing into the German automotive industry and information technology and banking sectors.

Ivan Marchena, Libertex Analyst

[Libertex]

European Markets Are Hopeful That US-China Fresh Trade Talks Might See a Positive Progress.

European markets might grow a little in anticipation of a fresh round of trade talks between the US and China.
Previously, European traders felt rather downbeat, as they feared that a new portion of tariffs would be slapped on the Chinese imports to the US. But now investors have become hopeful that the US-China trade conflict will finally be resolved positively.

After China announced it would seek WTO permission to impose sanctions on the US, the news appeared that the two countries are getting ready for a fresh round of talks to tackle the trade issues between them.
European markets will also be underpinned by the growing oil prices that have neared $80 per barrel of Brent crude on apprehensions that Iranian oil supply might slump. The strong oil prices are likely to fuel the growth across the European oil and gas stocks that will be pushing higher the stock indices.

Meanwhile, the British investors are keeping an eye on the Brexit news. And even though the talks between the UK and the EU have been quite successful, traders still have quite a lot of fears in this regard, like that the UK food exports to EU may be stalled by no-deal Brexit. For instance, about 10% of the animal products exports from the UK will probably be stopped at the border due to the UK authority’s inability to get its product export certificates validated by other countries.

Ivan Marchena, Libertex Analyst

[Libertex]

Pressure Won’t Loosen For European Stock Markets
As Long As US-China Trade Conflict Remains Unresolved

European traders will continue to be following alertly the US and China’s dealing with the trade dispute between them. Though the fresh round of discussions kicked off, and some progress has been seen, there is always a risk that either of the two battling countries might opt out of the talks.
So if the US eventually levies tariffs on $200 billion in Chinese goods, this will reverberate globally. Investors have been apprehensive that China might slash its oil demand on a global scale should the US-China trade war escalate.
Meanwhile, the EU economy has gained some equilibrium, which is evidenced by the improved ratings from the key international agencies. Specifically, Moody’s has affirmed European Union’s ‘AAA’ long-term rating, stable outlook, due to the resilience of the credit standing of the most of the EU's member states as a key driver. And S&P raised Cyprus’ sovereign credit ratings to ‘BBB-/A-3’ from ‘BB+/B’, also upgrading Portugal's sovereign credit rating outlook to positive from stable.
Of all Europe, the UK stands out in a somewhat negative way, as its economic outlook sparks Brexit-related fears that, apart from other drivers, are ignited by apprehensions that Germany’s banking sector’s No. 1 Deutsche Bank might move assets from London to Frankfurt after Britain’s planned exit from the European Union next year.
So we can expect that the European stock prices will prevalently be sliding until some positive outcomes occur in terms of the US-China negotiations.
Ivan Marchena, Libertex Analyst