he market saw muted activity as both the U.S. and the U.K. observed public holidays in yesterday's session. The dollar index (DXY) edged lower, failing to hold above the 104.50 level. This decline comes as the market anticipates signs of cooling U.S. inflation ahead of the PCE reading due on Friday. Meanwhile, the U.S. Securities and Exchange Commission (SEC) announced a reduction in Wall Street settlement times, aiming to complete transactions in a single day.
MFM Securities is an offshore broker that, despite its status, is quite decent looking. However, brokers should focus on trading conditions, and not on looks. The leverage is maxed at 1:500, a common offshore broker value, while the EUR/USD spread was 2.1 pips on the demo platform. Such a spread is not really very lucrative for traders.
Veonco is a forex and CFD broker who doesn’t disclose much details about the entity behind the operation. This, of course is a major issue, as well as the fact that this brokerage doesn’t hold a lgit forex license. So, if you are tempted by the seemingly attractive offer of Veonco, be sure to read the following lines first.
Bold Prime is an online financial services provider that offers a good selection of CFD instruments for trading online including forex, stocks and cryptocurrencies. They provide traders with the popular MT4 and MT5 trading platforms, which are easy to use and available in desktop, web, and mobile versions.
Yields rise ahead of FOMC. As US stocks slipped further on Tuesday, bonds yields have been rising across the board ahead of the FOMC rate decision on Wednesday.
CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.
The new service is available on the proprietary R StocksTrader platform.
Asian stocks made a soft start to the week on Monday while oil and the euro were under pressure, as the return of COVID-19 restrictions in Europe and talk about hastened tapering from the U.S. Federal Reserve put investors on guard.
Apples stock price popped after-hours following a robust quarterly report from the iPhone-maker. While the company commands significant sway in the Nasdaq 100, stock traders await the Fed.
Two economic activity bellwethers in Caterpillar (CAT) and UPS are slated to report earnings Wednesday morning and investors will look closely for insight on global growth. Boeing (BA) will also report.
The Nasdaq 100 traded lower on Monday, but will look to a lesser known Nasdaq component - Pepsi (PEP) - for influence on Tuesday.
The Dow Jones closed lower after a tumultuous Tuesday trading session. Consequently, the Industrial Average snapped its 6-day winning streak.