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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. You should not engage in his form of investing unless you understand the nature of the Transaction you are entering into and the true extent of your exposure to the risk of loss. Your profit and loss will vary according to the extent of the fluctuations in the price of the underlying markets on which the trade is based.

Market News

Equities Major US stock index futures started the week on a strong note continuing Friday's sharp rebound. The rally has been fueled by the rebound in tech stocks, where Nasdaq was able to snap a three-week losing streak. Market participants are hoping that Democrats and Republicans can manage to agree on a bill to support the economy ahead of the elections, as fears of Covid19 resurgence affected sentiment. The Dow Jones Industrial Average futures rose to 27312, the S&P500 futures ad...
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Dollar Eases; Stock Futures Recover on Fiscal Stimulus Hopes

Dollar The dollar index, which measures the greenback against a basket of major currencies, reversed from its two-month peak of 94.59, to trade near 94.24, weighed down by improved risk sentiment on hopes of fiscal stimulus. During his appearances this week, the Federal Reserve chairman Jerome Powell highlighted the urgency of further fiscal stimulus. However, ahead of US elections, it is very tough to reach a deal between Democrats and Republicans on the bill. Currently, the Democrats are tr...
September 25,2020

Gold Hits 2-Month Low as Dollar Soars

Metals Precious metals prices extended losses as the dollar continued to march higher on global growth concerns. These concerns have pushed the dollar value, while investors are waiting for any hints from the Federal Reserve on any possible action on monetary policy, which could boost the rush for gold again. The price of a gold ounce declined to a two-month low of $1848, and the value of a silver ounce fell sharply to $21.66, while palladium futures held steady above $2200. Dollar The...
September 24,2020

Dollar Extends Gains, Stock Futures Recover on Powell

Dollar The dollar index, which measures the greenback against a basket of major currencies, added to prior gains trading near a two-month high of 94.25. Investors favored the US dollar to its rivals following a surge in cases in the United Kingdom and the Eurozone, which triggered concerns over the economic recovery and raised the chances of further easing actions from central banks. On the other hand, the Federal Reserve Chairman Jerome Powell stated that the US economy showed resilience dur...
September 23,2020

Dollar Soars on Risk-off Mood

Dollar The dollar index, which measures the greenback against a basket of other major currencies, soared to a six-week high of 93.88 supported by the ongoing risk-mood. Investors rushed to dollar safety amid growing woes over the resurgence of covid19 and its possible impact on the economic recovery around the world, especially after a sharp increase in cases in the European currencies. Market participants are looking forward to Powell's testimony later today, to have some insight on the...
September 22,2020