A Guide to Euro vs US Dollar (EUR/USD)
The EUR/USD currency pair represents the exchange rate between the Euro and the US Dollar, indicating how many US Dollars (the quote currency) are needed to buy one Euro (the base currency). This pair is the most liquid in the foreign exchange market, given that it involves the two most actively traded major reserve currencies from the world’s largest economies.
Daily Insights for CFD Traders – U.S. PCE Price Index and Central Bank Decisions
The volatile conditions continued to round out last week with Wall Street rebounding, seeing the Dow Jones close +1.6%, the S&P 500 +1.1%, and the Nasdaq +1%. U.S. 10-year yields fell by 5 bps to 4.19%, while crude oil closed -1.9% at $76.80 a barrel. The AUD/USD traded in a 0.6536/0.685 range before closing the week at 0.6547.
Daily Insights for CFD Traders – U.S. Q2 GDP Surpasses Expectations
A mixed session on Wall Street overnight saw the Nasdaq close down by 1%, the S&P 500 by 0.6%, while the Dow Jones gained 0.2%. U.S. 10-year yields fell 4 bps to 4.24%, while crude oil rose 0.7% to $78.10 a barrel. The AUD/USD traded in a 0.6510/0.6582 range before settling at 0.6545/50 ahead of the Asian open.
Silver trading (XAGUSD): What it is and how to trade?
In financial trading circles, silver is highly valued for its distinctive properties, inherent worth as a precious metal, and its conductivity. With a rich historical lineage spanning centuries, silver has found extensive use across diverse sectors like electronics, photography, and solar energy.
Daily Insights for CFD Traders – Bank of Canada Rate Cut and Wall Street Decline
Wall Street fell sharply overnight following disappointing corporate earnings and a broader weakening of risk sentiment. The Nasdaq closed down by 3.7%, the S&P 500 by 2.3%, and the Dow Jones by 1.3%. U.S. 10-year yields rose 3 bps to 4.29%, while crude oil increased by 0.8% to $77.50 a barrel. In currency markets, USD/JPY fell to a low of 153.105, while AUD/USD traded in a 0.6578/0.66175 range before settling at 0.6580 ahead of the Asian open.
Daily Insights for CFD Traders – Richmond Fed Index Falls and BoC Rate Decision
A relatively quiet night saw all three U.S. equity indices close almost unchanged on the day. U.S. 10-year yields were also flat, while crude oil fell 1.3% to $77.40 a barrel. The AUD/USD remained heavy and closed at the lower end of its 0.6612/46 range.
Daily Insights for CFD Traders – Wall St. Rebounds Amid PBoC Easing Measures
Wall Street rebounded overnight with the Nasdaq closing up by 1.7%, the S&P 500 by 1.1%, and the Dow Jones by 0.3%. U.S. 10-year yields edged higher, while crude oil fell 0.4% to $79.70 a barrel. The USD was stronger across the board, including against the AUD, which closed at the lower end of its 0.66315/0.6702 range.
Daily Insights for CFD Traders – Biden Withdraws from 2024 Election, Endorses Harris
This morning, US President Biden confirmed he is pulling out of the 2024 election race and has endorsed his VP Kamala Harris as the Democratic nominee. So far, there has been very limited market reaction to the news with only a few prints across the whole market this morning in extremely quiet trade.
Daily insights for CFD traders – USD strengthens amid market volatility
The USD dropped further overnight to 103.8 points despite stronger-than-expected second-tier US economic data. The main US equity markets decreased again, with the tech-heavy Nasdaq particularly hard hit due to potential tighter US restrictions on computer chip sales to China. The VIX, known as the ‘fear gauge,’ increased to its highest level since early May.
Daily insights for CFD traders – USD strengthens after Fed Chair Powell’s remarks on inflation
US stocks strengthened as predictions of increased market volatility did not materialize after the assassination attempt on Republican Presidential candidate Donald Trump. Investors may be focusing on the growing expectation that Trump will win the November election, bolstered by the prospect of upcoming interest rate cuts. The yield on the US 10-year Treasury rose by 4.7 bps to 4.23%.
Daily insights for CFD traders – China’s Q2 GDP growth expected to reach 5% amid deflation concerns
A solid end to the week on Wall Street saw all three major equity indices close with gains of approximately 0.6%. U.S. 10-year yields dipped slightly to 4.19%, while crude oil fell 0.4% to close at $83.40 a barrel. In the currency markets, USD/JPY continued to dominate flows, closing at the lower end of its range from 157.30 to 159.45. The AUD/USD traded within a range of 0.67545 to 0.67935 before ending the week at 0.6784.
Daily Insights for CFD Traders – Global markets react to weaker-than-expected US CPI data
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