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Factors To Consider When Choosing A Broker For Trading At Forex Market
With such a diverse selection, picking a reliable broker is a daunting task, but there are some universal tips which will help to make the right decision.
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08.01.2020
Market Brief: Buck Rallies Back, US Stocks Tick Lower
View our guide on how to interpret the FX Dashboard.
US data: The ISM Services PMI report printed at 55.0 vs. 54.5 expected. The employment subcomponent, a key leading indicator for Friday’s NFP report, came in at 55.2, down a touch from last month’s 55.5 reading. Separately, Factory Orders (Nov) fell -0.7% m/m vs. a -0.8% drop eyed. The November trade deficit came in at -$43.1B, roughly in-line with -$43.7B anticipated. FX: The US dollar was the day’s strongest currency (though it remains below some key short-term resistance levels). The Australian dollar was the weakest major currency in risk-off trade. Commodities: Oil shed -1% on the day as there were no new developments in the ongoing tensions between the US and Iran. Gold and silver ticked higher after early losses, while bitcoin surged 5% to break back above $8,000.
US indices closed modestly lower on the day. European indices were mixed, with rallies in Germany’s DAX and Italy’s MIB offsetting losses in the UK’s FTSE and Spain’s IBEX.Materials (XLB) was the strongest major sector today; REITs (XLRE) were the weakest. Stocks on the move:- Tesla (TSLA) rallied 4% after delivering its first vehicles made in China.
- Micron Technology (MU) surged 9% on an upgrade from analysts at Cowen.
Original from: www.forex.com
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