In 2 trading days, the Dow Jones Industrial Average lost more than 1,300 points and the S&P 500 fell over 5%.READ MORE
Gold prices advanced on safe-haven demand following a shake in the global markets, with a weaker dollar seen as supportive.READ MORE
Asian equities retreated to a 19-month low after Wall Street suffered its worst loss in eight months, which led to broader risk aversion, which led to an increase in market volatility gauges and concerns over momenta stocks markets in an environment of rapidly rising dollar yields.READ MORE
The Italian bond futures traded near their session lows and the BTP-Bund spread widened to 311bps, as the Italian Finance Minister Tria defended the Government fiscal targets in Parliament after the local press suggested that the budget watchdog is likely to reject the whole thing.READ MORE
The BTPs were in focus as the 10-Year yield printed fresh multi-year highs through 3.5% and the spread to bunds widened back to above 300bps.READ MORE
The Core European bond curves had bear steepened, taking their cue from the U.S. Treasuries in reaction to more hawkish comments from the Fed’s Chair Jerome Powell.READ MORE
Currencies fall against the dollar after the positive economic data. The euro is up to the level of 1.1463 and traders waiting for the most important event NFP tomorrowREAD MORE
Gold edged up on Tuesday as a recent dip to multi-week lows attracted some bargain hunters, but prices were well within recent ranges as the dollar remained on an upward trajectory.READ MORE
The Canadian dollar and Mexican peso lead gains among major currencies, as Turkey’s lira outperformed after preliminary data showed that the trade deficit narrowed in September.READ MORE
Volatile conditions were seen during the European session as there were multiple conflicting reports concerning the Italian Budget.READ MORE
CM Trading is the Brand name of
Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA)
Credit cards are processed by CMT Processing Limited, Georgiou Griva Digeni, Pamelva Court, 3035, Limassol, Cyprus. Reg. No. HE340325.
HIGH RISK WARNING:
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.