On Wednesday, GBP/USD experienced a further decline, reaching a ten-week nadir and approaching 1.29. UK and US PMI data are anticipated on Thursday, and central bankers from the Bank of England and Federal Reserve are scheduled to address the public. Due to a widespread Greenback recovery and expectations of lower UK PMI readings in October,…
On Tuesday, gold prices soared to an all-time high, driven by several key factors. Increased demand for gold as a safe-haven asset, geopolitical uncertainties surrounding the US election and the ongoing conflict in the Middle East, along with expectations of further monetary easing, all contributed to this surge. Key Price Movements Spot Gold: By 12:25…
US markets experienced another choppy day as investors awaited more earnings data to take a fresh gauge on the economy. Treasury yields and the dollar pushed higher again with the dollar hitting a fresh 10-week high on the index, whilst Oil prices gained further ground as tensions in the Middle East remain high. Gold continued…
The 2024 U.S. presidential election is poised to significantly influence financial markets, presenting traders with unique opportunities to capitalize on potential market shifts. At ATFX, we understand that there are uncertainties involved as well which leads to market volatility, presenting both challenges and opportunities for investors. As the U.S. elections occurs only once every four years, the…
The price of silver (XAGUSD) has soared to a new yearly high, following the strength of gold. XAGUSD – Daily Chart The price of XAG soared above the all-time high mear $42.50 yesterday and that has the potential to spur further gains in the metal. The previous high will act as support. Silver is following…
US ten-year yields have risen quietly and are now gaining attention after a previous slump. US 10-Year – Daily Chart The price of the US 10-year yield has moved higher to the 4.19% level and is now a long way from the lows of 3.60% at the height of the Federal Reserve cut expectations. The…
ATFX, forex and contracts for differences (CFDs) brokerage, is set to unveil its new prop trading services, designed to foster the financial and professional growth of traders. This innovative initiative will be closely linked with ATFX’s existing brokerage operations. Integrated with ATFX The forthcoming prop trading venture will operate under the ATFX umbrella, ensuring a…
Bitcoin has recovered from recent weakness with a strong rally as US stocks and gold remain in bullish mode. BTCUSD – Daily Chart The price of BTC has recovered from a slump that threatened lower support levels and the target is now the 2021 high ahead of $70,000. Bitcoin has been rallying again after Donald…
Tesla (TSLA) shares dropped with the company’s robotaxi event and now faces an important earnings release to avoid a further correction. TSLA – Weekly Chart The price of TSLA has slumped from resistance in the last week to $220.70 and the chart has a bearish tone that could bring risk into earnings. The stock is also very close…
