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Trade Responsibly: CFDs and Spot FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.87% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spot FX work, and whether you can afford to take the high risk of losing your money.

Market News

  USD The dollar index which measures the greenback against a basket of major currencies retreated from a three-week high of 98.45 to settle lower at 98.15 as yields gave up earlier gains. The US 10-year yields dropped to 1.537% after posting a high of 1.626%. Market participants are looking forward to the release of the Minutes of the last Federal Open Market Committee meeting where the Fed lowered interest rates by 25 basis points for the first time since the financial crisis....
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Euro Drops on Soft Data/ Easing Prospects

  EUR The euro settled on a weaker note against the dollar for the fifth consecutive day on easing prospects as the economic outlook continues to weaken. Recently, several ECB officials were hinting for monetary policy easing measures in the coming meetings as the economic data missed estimates signaling that the economy needs a fresh round of stimulus to get back on track. The July Consumer Price Index figures failed to surprise to the upside with the month-on-month change droppi...
August 20, 2019

US Stock Indices Edge Higher as Yields Surge

  Equities Major US stock-index futures extended positive rally as we kicked-off a new trading week, supported by the recovery of US Treasury yields. The stock market witnessed a heavy sell-off last week as US 10-year yields dipped below the 2-year yields for the first time since 2007. As a result, investors were seen fleeing the stock market and rushing to safer assets as a yield curve inversion is usually an early warning of a possible recession. However, the yields recovered si...
August 19, 2019

Dollar Index Inches Higher as Data Curbs Recession Fears

  USD The dollar index, which measures the greenback against a basket of major currencies settled higher for the third consecutive day at 98.15 supported by stronger US economic data. The retail sales rose by 0.7% in July beating estimates of 0.3%. The series of improving economic data (CPI, Retail Sales, Business inventories) helped in easing investors’ concerns over a possible recession signaled by the inversion of the yield curve. The US 10-year yields declined to a three...
August 16, 2019

Tariffs Delay Enhances Risk-On Sentiment

  Equities Major US stock-index futures bounced-off the lows cheering the Trump administration announcement of postponing the implementation of tariffs on Chinese products till December and both sides confirmed their plan for trade talks in September. Investors were seeing fleeing safety and jumping into riskier assets. The US 10-year yields rose to 1.718% after holding a one-week low of 1.616%. The Dow Jones Industrial Average futures rose to a one-week high of 26408, the S&P...
August 14, 2019