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

Fundamental Analysis The Reserve Bank of Australia is expected to maintain the cash rate @ 0.25%, being pegged at this rate from March 2020. Recently, the central bank has sharply slowed the pace of its bond-buying, as fixed income markets began to stabilize, only purchasing government bonds on one occasion while keeping the curve control on three-year yields. Moreover, in June's RBA meeting, policymakers were more upbeat on the Australian economic outlook as COVID-19 new cases from April...
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US Stock Futures Kick-off The Week on Stronger Note; Dollar on Defensive

  Equities Major US stock-index futures started the week with significant gains as investors' optimism over the economic recovery grew following the US jobs figures. The data showed that the US economy created around 4.8 million jobs, signaling a sharp rebound in the labor market. However, the fears of another lockdown due to rising coronavirus cases are still weighing on investors' risk sentiment. The Dow Jones Industrial Average futures rose to 26193, the S&P500 futures rallied...
July 6, 2020

US Stock Futures Extend Upside Rally Following Solid Jobs Data

  Equities Major US stock index futures added to previous gains following strong job figures, which lifted risk appetite. The data showed that the US economy created 4.8 million jobs in June, restoring jobs lost during the lockdown caused by coronavirus outbreak. However, the gains were capped by the rising coronavirus cases. The new confirmed COVID19 cases in the US logged a record single-day jump of 50600. Investors are monitoring the developments closely and whether they could...
July 3, 2020

Dollar Drifts Lower Ahead of Jobs Data

  Dollar The dollar index, which measures the greenback against a basket of major currencies, tumbled to 96.95 as investors await the June job figures. The improved risk sentiment following an announcement over a vaccine by Pfizer supported the flow into riskier currencies, weighing on safe currencies such as the dollar, Japanese yen, and Swiss franc. Market participants are looking forward to the US jobs report to have more understanding of the rebound in the labor market after r...
July 2, 2020

Gold Extends Upside Rally on Growing Safe-Haven Demand

  Metals Gold prices edged higher, adding to prior gains and scoring a fresh 8-year high as the rise in coronavirus cases sparked woes over the economic recovery. Market participants are worried that another serious outbreak could disrupt the economic activity again, and weigh on markets. Moreover, the yellow metal is finding support from the prospects of further monetary and fiscal stimulus. During their testimony before the House Financial Services Committee, Fed's Powell an...
July 1, 2020