Trade Responsibly: CFDs and Spot FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.81% 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

Euro Falters Following Sluggish German PMI
April 18, 2019
  EUR The Euro declined against rivals following soft German PMI figures. The previous release had a negative impact on the euro as it indicated a severe drop in the manufacturing activity in Germany. The preliminary reading of the April German manufacturing PMI came in at 44.5 versus an expectation of 45.0 to dampen concerns over the economic activity in Germany. The ongoing downturn in the economic activity in the Eurozone will force the ECB to maintain low-interest rates for...
Read more

Dollar Dips as Chinese Data Fuel Investors' Risk Appetite

  USD The dollar index which measures the greenback against a basket of major currencies erased yesterday's gains as solid Chinese economic data spurred risk sentiment. DXY retreated from a high of 97.12 to trade lower at 96.84. The data showed that Chinese economic activity was better than expected in the first quarter of 2019. Moreover, strong corporate earnings encouraged investors to jump into riskier assets and dump the dollar which was seen as a safe haven lately. The Aust...
April 17, 2019

Gold prices hit a fresh 2019 low

The gold ounce price dropped to a low reaching $1275 as the support zone near $1280 failed to hold against selling pressure this time. The ongoing optimism over trade between China and the United States, and solid earnings (so far), allowed investors to jump into riskier assets and dump the historical safe-haven. On the other hand, gold prices rallied earlier this year on higher chances that the Federal Reserve will abandon its plans for further monetary policy tightening and cut interest rat...
April 16, 2019

Aussie Loses Ground Post Dovish RBA Minutes

  AUD Earlier today, the Reserve Bank of Australia released the minutes of the latest monetary policy meeting which implied a dovish tone and drove down the Australian dollar against other major currencies. The bank believes that there was no strong case until now to change interest rates. However, the committee believes that it would be appropriate to lower interest rates if inflation remained low and the unemployment rate inched higher. The AUDUSD dipped to a low of $0.7140, a...
April 16, 2019

Trump Criticizes Fed Again Despite Latest Rally in Stocks

  Equities President Donald Trump tweeted again over the weekend criticizing the Fed policy. He said that the stock market would have been much higher and the GDP would have been well over 4% instead of 3%, with almost no inflation. He restated that quantitative tightening was a killer. The S&P500 futures and Nasdaq futures closed at 2912 and 7654, respectively, the highest since October. Meanwhile, the Dow Jones Industrial Average futures finished marginally higher for the week...
April 15, 2019