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.
If you think of becoming a trader, start your carrier not with learning the Forex basics but with learning how to distinguish trustworthy brokerages from shady operators.
View our guide on how to interpret the FX Dashboard.
Risk-on trading was the theme of the day amidst ongoing optimism over US-China trade and data that suggested Europe’s economy was stabilizing, though some of the optimism faded by the end of the US session.
FX: The US dollar was the strongest major currency on the day, while the New Zealand dollar brought up the rear. We’re keeping a close eye on the RBA meeting and the AUD/USD during tomorrow’s Asian session.
Commodities: Oil inched about 0.5% higher while gold was essentially flat
See the key data and market themes we’ll be watching in the coming week!
US indices closed higher on the day, though off the best levels after an afternoon fade.
Energy (XLE) was by far the strongest sector on the day, while defensive Utilities (XLU), Consumer Staples (XLP), and REITs (XLRE) brought up the rear.
Stocks on the move:
Berkshire Hathaway (BRK.B) gained 1% today after reporting its biggest ever operating profit, boosted by record earnings at BNSF. The company’s cash stockpile now sits at $128B.
McDonald’s (MCD) dropped -3% after its CEO was ousted following a relationship with an employee.
Under Armour (UA) confirmed it was the subject of a government probe into its accounting, driving the stock down -18%.
Uber (UBER) reported a net loss of -$0.68 per share on slightly lower gross bookings than expected. The stock is trading down by -4% in volatile after-hours trade.
Original from: www.forex.com
No Comments on “Market Brief: Risk Rally Relaxes into the Close”
