A world of Trading assets

News and Insights

It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
A world of Trading assets

2021/08/30 Market Chat

Authored by ZanderVanDerMerwe
30.08.2021
Market Commentary
0
2 min

The markets had a good week as the US indices all appreciated during the week and more importantly closed the week out very positive for investors. The Nasdaq and S&P both making new all-time highs while the Dow is trading close to its all-time high levels. European indices remain a bit lacklustre as both the Dax and FTSE remain ranging as no significant direction has been taken.

The precious metals had a very good week as both Gold and Silver recovered substantially following the recent selloff that we got from last month’s strong unemployment figures. With the unemployment figure set to be released on Friday, it would be very interesting to see if gold can break through $1832 to continue its recovery or slide lower.

The cryptocurrencies remain stable following a good open to the month as Bitcoin trades around $48 000 and Ethereum holding above $3000.

As we wait for the European markets to open up, the Euro is the strongest currency. The commodity currencies came off the worst as the Australian, New Zealand and Canadian dollar are currently the weakest currencies.

All eyes will be on the unemployment figures due to be released on Friday out of the US.

Authored by ZanderVanDerMerwe
30.08.2021
Market Commentary
0
2 min

latest news

TD Markets

Africa’s Favourite broker

TD Markets provides you with access to the industry leading platform, Metatrader 4. This platform, easily accessible from any device, facilitates your trading experience by offering numerous tools, including indicators, expert advisors and open source algorithmic trading scripts.
Why TD Markets