Thu. Dec 3rd, 2020

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

US Dollar may rise if Asia Stocks plan for

1 min read

On Wednesday, Euro sank before EU summit. US dollar rose.

A balance in crude oil prices and a hefty crash in energy prices, have helped to restrain downside momentum in stocks over the past 24 hours. 

The S&P 500 and Dow Jones closed 2.29% and 1.99% to the upside respectively after two days of consecutive losses.

The index has pulled back from the three-year high of 102.97 hit in mid-March as the rapid deployment of monetary stimulus measures by the U.S. Federal Reserve eased the strain on dollar funding.

Caution recaptured world markets as a drubbing for U.S. WTI crude oil kicked off a busy week of data and earnings that will drive home the damage being inflicted by global coronavirus lockdowns.

The sharp drop in oil prices was boosting the buck’s appeal as a safe-haven, said Juan Perez, senior currency trader at Tempus Inc in Washington.

 

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.