Mild risk off flow and a strong wave of US Dollar demand is what we’re seeing as the markets get set for the return of the US following a long weekend holiday break. It’s possible we’re seeing a delayed reaction to last week’s not as cool US core PCE.

Any opinions, news, research, analyses, prices or other information ("information") contained on this Blog, constitutes marketing communication and it has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Further, the information contained within this Blog does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of, or solicitation for, a transaction in any financial instrument. LMAX Group has not verified the accuracy or basis-in-fact of any claim or statement made by any third parties as comments for every Blog entry. LMAX Group will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. No representation or warranty is given as to the accuracy or completeness of the above information. While the produced information was obtained from sources deemed to be reliable, LMAX Group does not provide any guarantees about the reliability of such sources. Consequently any person acting on it does so entirely at his or her own risk. It is not a place to slander, use unacceptable language or to promote LMAX Group or any other FX, Spread Betting and CFD provider and any such postings, excessive or unjust comments and attacks will not be allowed and will be removed from the site immediately. LMAX Group will clearly identify and mark any content it publishes or that is approved by LMAX Group. FX and CFDs are leveraged products that can result in losses exceeding your deposit. They are not suitable for everyone so please ensure you fully understand the risks involved. The information on this website is not directed at residents of the United States of America, Australia (we will only deal with Australian clients who are "wholesale clients" as defined under the Corporations Act 2001), Canada (although we may deal with Canadian residents who meet the "Permitted Client" criteria), Singapore or any other jurisdiction where FX trading and/or CFD trading is restricted or prohibited by local laws or regulations. LMAX Limited operates a multilateral trading facility. LMAX Limited is authorised and regulated by the Financial Conduct Authority (firm registration number 509778) and is a company registered in England and Wales (number 6505809). Our registered address is Yellow Building, 1A Nicholas Road, London, W11 4AN.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD retreats toward 1.1100 on modest USD recovery

EUR/USD retreats toward 1.1100 on modest USD recovery

EUR/USD struggles to hold its ground and retreats toward 1.1100 in the second half of the day on Tuesday. Upbeat Retail Sales data and the uncertainty surrounding the Fed's upcoming interest rate decision helps the US Dollar recovery and weighs on the pair.

EUR/USD News
GBP/USD pulls away from multi-day highs, trades below 1.3200

GBP/USD pulls away from multi-day highs, trades below 1.3200

GBP/USD stays on the back foot and trades below 1.3200 in the second half of the day on Tuesday. The cautious market stance ahead of the Federal Reserve's policy meeting supports the USD and limits the pair's upside.

GBP/USD News
Gold retreats below $2,580 ahead of Fed policy announcements

Gold retreats below $2,580 ahead of Fed policy announcements

Gold stays under modest bearish pressure on Tuesday and trades below $2,580. The benchmark 10-year US Treasury bond yield holds steady above 3.6% ahead of the Fed's policy announcements on Wednesday, making it difficult for XAU/USD to gather bullish momentum.

Gold News
Why the Fed is set to cut interest rates and what does that mean

Why the Fed is set to cut interest rates and what does that mean Premium

The Fed is expected to cut interest rates on Wednesday. This is a crucial event as it directly affects families and businesses in the United States (US) – but also abroad given the importance of the US as the world’s largest economy.

Read more
Bitcoin approaches its $56,000 support level

Bitcoin approaches its $56,000 support level

Bitcoin is approaching a crucial daily support level of $56,000, hinting at a possible recovery. Ethereum faced rejection from the resistance level, suggesting a downward trend with weak momentum. In contrast, Ripple has bounced above the 100-day EMA, indicating a continued upward trend.

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures