Trading

Blog

Know All About Trading Stocks, Cryptocurrency, Index CFDs, Forex And More With A True STP Broker... From An Unprecedented Perspective

Open Live Account

What you need to know on Friday, August 27

The greenback ended the day with modest gains against most major rivals.  Geopolitical tensions in Afghanistan and comments from US Federal Reserve Robert Kaplan, who said that September would be the time to outline tapering and start it in October, were behind the slump. James Bullard, another member of the central bank, also made comments in the same direction.

Comments from Fed officials fueled speculation about some announcement from US Federal Reserve Chief Jerome Powell on Friday, within the Jackson Hole Symposium. Powell will likely refrain from anticipating a shift in monetary policy but instead reserve any announcement to the upcoming Fed September meeting. Market participants, however, maintain high expectations ahead of his speech.

The US published the second version of Q2 Gross Domestic Product, which was upwardly revised to 6.6% QoQ from the previous estimate of 6.5%, missing the expected 6.7%. Core PCE inflation in the same quarter was confirmed at 6.1%, as previously estimated.

The EUR was among the strongest USD rivals, while the GBP was the weakest. EUR/USD trades around 1.1750, while GBP/USD pierced the 1.3700 figure. Commodity-linked currencies edged lower on a daily basis, but retain most of their weekly gains. The USD/JPY pair hovered directionless around 110.00.

Gold prices seesawed between gains and losses but ended the day little changed at around $1,792 a troy ounce. Crude oil prices were also stable with WTI settling at $67.80 a barrel.

search
FXPIG - 'Where Traders Come to Win'
Latest Posts

Prime Intermarket Group Asia Pacific Ltd
Level 2 Transpacific Haus Lini Highway
Port Vila, Republic of Vanuatu

Prime Intermarket Group Asia Pacific Limited, doing business as FXPIG™, holds a Principal's License for dealing in securities, granted by the Minister of Finance and Economic Development of Vanuatu, under the arm of the Vanuatu Financial Services Commission (VFSC Company Number 014578).

FXPIG™ does not open or maintain accounts for Vanuatu based entities or residents or U.S. based entities or residents who are classified as retail or low net worth clients as per the most recent definition of such by the CFTC. Governmental restrictions along with our own internal company policies prohibit FXPIG from opening accounts originating from restricted and/or OFAC sanctioned countries.

Forex Broker FXPIG™ proudly Services Clients from nearly 100 Countries WorldWide, including, but not limited to: Australia, specific provinces, where permissible by law in Canada, Germany, China, Russia, and many more.

Trading in the Forex or CFD Markets is speculative in nature and not appropriate for all investors. Investors in the Forex or CFD Markets should only use risk capital when trading futures, options, and Forex because there is always the risk of substantial loss.

‍ Alchemy Prime Ltd, 13 Leyden Street,London E1 7LE, is the payment agent for FXPIG. Both Alchemy Prime Ltd and FXPIG are part of the same group of companies under common ownership

‍ FXPIG™ is an official sponsor of Signature Rally - a networking supercar travel experience with like-minded people taking part in some of the worlds most modern and rarest Supercars and GT sports cars.

‍ All Rights Reserved ©2011 - 2018, Prime Intermarket Group Asia Pacific Ltd, operating as FXPIG™, the FOREX BROKER 'Where Forex Traders Come to Win,' headquartered at Level 2 Transpacific Haus Lini Highway, Port Vila, Republic of Vanuatu.

FXPIG © 2021 All Rights Reserved.