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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. 73.80% 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, finished lower for the fifth consecutive day closing at 97.39 amid growing concerns over the US economic outlook. The recently released economic data were a bit disappointing, supporting the chances of further monetary policy easing by the Federal Reserve during the fourth quarter of 2020. Market participants looking forward to the US jobs report having an insight into the latest development...
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Pound Soars on Expectations of Conservative Majority

  GBP The British pound strengthened against rivals supported by ongoing optimism over the coming elections results. The latest polls show that there is a high chance that Johnson could secure a majority, which would allow him to pass the current Brexit deal. The cable rose to a seven-month high of $1.3147, the GBPJPY climbed to 143.15, and the EURGBP declined to 0.8440, the lowest since May 2017. USD The dollar index, which measures the greenback against a basket of major c...
December 05, 2019

US-Sino Tensions Drive US Stock-Index Futures Lower

  Equities Major US stock index futures extended losses amid growing tensions between China and the United States. Trump stated that he had "no deadline" for a trade deal, which negatively affected investors' risk appetite. The US House voted to impose sanctions on Chinese officials over human rights. China's Foreign Ministry responded by stating that the US will "pay the price" over Hong Kong and Xinjiang bills, the recent developments will affect cooperation in important areas,...
December 04, 2019

Dollar Plunges on Soft US Manufacturing Data

  USD The dollar index, which measures the greenback against a basket of major currencies, dropped to a two-week low 97.80 on soft economic data. The ISM Manufacturing PMI fell to 48.1 in November, the lowest reading since January 2016, missing estimates of 49.2. President Donald Trump blamed the Federal Reserve monetary policy stance for the slowdown in the manufacturing sector. The woes over the economic outlook drove US Treasury yields lower. The 10-year yields declined to 1.81...
December 03, 2019

Dollar Index Inches Higher as Treasury Yields Surge

  USD The dollar index, which measures the greenback against a basket of major currencies, held steady above 98.30 supported by lower European currencies and rising US yields. The euro and pound account for almost 70% of the dollar index basket. Both currencies are consolidating in a tight trading range awaiting further clarity on the stance of the new European Central Bank President Christine Lagarde and the upcoming UK election. On the other hand, the stronger-than-expected Chin...
December 02, 2019