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

02/02/2021 Market Chat

Authored by TD Markets
02.02.2021
Market Commentary
0
1 min

Yesterday we had a fairly quiet day on the market with no significant news that moved the market. Biden’s “American Rescue” plan was countered in parliament yesterday with the ball still very much in the democrat’s court when it comes to overriding the decision to push through his suggested plan, it will be an interesting decision given that it's his first significant bill to see if he will compromise or push through his vision.

Australia also had its Monetary Statements this morning, keeping rates unchanged at 0.1% but deciding to increase its asset purchasing.

On the local front President Ramaphosa addressed the nation to ease the lock down restrictions which came as a relief to the nation.

Lastly, we have Unemployment figures coming out of New Zealand the later part of the night to keep an eye on if you have open NZD pairs.

Authored by TD Markets
02.02.2021
Market Commentary
0
1 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